Hooker Furnishings Board Dividend by 50%, Approves $5M Share Buyback

Hooker also announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $5 million of its outstanding common shares. In connection with the repurchase authorization, the Board is recalibrating the annual dividend, which will result in a 50% reduction to $0.46 per share annually, beginning with its expected December 31, 2025 dividend payment.