Hooker Furniture Corp. (HOFT) will raise its quarterly dividend by 6.7 percent to $0.16 per share in 2019.

The next dividend is payable on December 30, 2019 to shareholders of record at December 16, 2019. A new annual rate of 64 cents yields 2.7% at a stock price of $23.72.
 

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.