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FLEXSTEEL Announces Quarterly Dividend

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Flexsteel Industries, Inc. announces its fourth quarter dividend of $ .12 per share payable July 6, 1998 to shareholders on record as of June 25, 1998. Flexsteel has paid cash dividends each year since 1938 on its common stock. This is the 226th consecutive cash dividend. A manufacturer of upholstered furniture, Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, with additional factories in Lancaster, Pennsylvania; Harrison, Arkansas; Riverside, California; New Paris and Elkhart, Indiana; Dublin, Georgia and Starkville, Mississippi.