Culp, Inc. Announces Quarterly Dividend of $0.09 (CULP)

Culp, Inc. (NYSE:CULP) announced a quarterly dividend on Thursday, June 14th, Wall Street Journal reports. Investors of record on Monday, July 2nd will be paid a dividend of 0.09 per share by the textile maker on Monday, July 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, June 29th.

Shares of Culp traded down $4.50, hitting $26.25, during trading on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 253,215 shares, compared to its average volume of 18,015. Culp has a 52 week low of $25.01 and a 52 week high of $34.05. The stock has a market cap of $392.80 million, a price-to-earnings ratio of 15.45 and a beta of 0.17.

Culp (NYSE:CULP) last issued its quarterly earnings data on Wednesday, June 13th. The textile maker reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). Culp had a return on equity of 13.46% and a net margin of 4.46%. The business had revenue of $78.18 million during the quarter, compared to the consensus estimate of $78.35 million. equities research analysts anticipate that Culp will post 1.72 EPS for the current year.

Several analysts recently weighed in on CULP shares. TheStreet raised shares of Culp from a “c+” rating to a “b-” rating in a research note on Wednesday, June 6th. Zacks Investment Research cut shares of Culp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, ValuEngine raised shares of Culp from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

Culp Company Profile

Culp, Inc manufacturers, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates through two segments, Mattress Fabrics and Upholstery Fabrics.

Dividend History for Culp (NYSE:CULP)

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