Hooker Furniture Corp. (HOFT) will raise its quarterly dividend by 16.7 percent to $0.14 per share in the fourth quarter of 2017. In 2016 the dividend was raised by 20 percent.                              

The increased dividend is payable on December 29, 2017 to shareholders of record at December 18, 2017.The new dividend yield for HOFT is 1.3%.

Hooker Furniture Corporation is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture and fabric-upholstered furniture for the residential, hospitality and contract markets. Its casegoods product categories include accents, home office, dining, bedroom and home entertainment furniture under the Hooker Furniture brand. Its residential upholstered seating companies include Bradington-Young and Sam Moore Furniture.