April 20, 2012 | last updated June 1, 2012 2:02 pm

Danbury's buoyant Ethan Allen hikes dividend

Ethan Allen Interiors Inc., foreshadowing strong earnings in a fiscal third quarter in which sales rose 8 percent for the Danbury home-furnishings maker-retailer, is boosting its common dividend by 29 percent.

Ethan Allen will pay its 9-cents-a-share dividend on July 25 to stockholders on record by July 10.

Chairman and CEO Farooq Kathwari said his company will officially post third-quarter results on Monday

In particular, Kathwari said, Ethan Allen's retail division booked more orders for furnishings and interior-design services than were delivered - a jump start on revenues for subsequent quarters and a further sign that consumer spending is gaining momentum.


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