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Stock impact report

Hooker Furnishings' (NASDAQ:HOFT) Dividend Will Be $0.23 [Yahoo! Finance]

Hooker Furnishings Corporation (HOFT) 
US:NASDAQ Investor Relations: investors.hookerfurniture.com
Company Research Source: Yahoo! Finance
The dividend yield will be 8.9% based on this payment which is still above the industry average. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Hooker Furnishings' Projections Indicate Future Payments May Be Unsustainable Estimates Indicate Hooker Furnishings' Could Struggle to Maintain Dividend Payments In The Future Hooker Furnishings' Future Dividends May Potentially Be At Risk Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Even in the absence of profits, Hooker Furnishings is paying a dividend. The company is also yet to generate cash flow, so the dividend sustainability is definitely questionable. Earnings per share is forecast to rise by 160.8% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could reach 135%, which probably can't continue without putting some pressure on the balance sheet. Na Show less Read more
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