Rowe Suspends Quarterly Dividend

Furniture World Magazine

The Rowe Companies (NYSE: ROW), a leading furniture manufacturer and retailer, announced that its Board of Directors has voted not to declare its regular quarterly dividend at this time. The Rowe Companies is comprised of Rowe Furniture, Inc., a major manufacturer of quality upholstered furniture; The Mitchell Gold Co., an upholstered furniture manufacturer serving some of the nation's leading specialty retailers; Storehouse, Inc., a 43-store retail furniture chain; and Home Elements, Inc., a 20-store specialty retail furniture group.