Benzinga | Dec 8, 2021 07:29AM EST

Hooker Furnishings Hikes Dividend By 11%

* Hooker Furnishings Corp (NASDAQ:HOFT) board of directors approved an 11.1% increase in quarterly cash dividend to $0.20 per share, payable on December 31, 2021, to shareholders of record on December 17, 2021.

* The hike represents the sixth consecutive annual dividend increase.

* Hooker held $37.4 million in cash and equivalents as of August 1, 2021.

* Price Action: HOFT shares closed at $24.80 on Tuesday.