Flexsteel Industries, Inc. Increases Dividend 8%

Furniture World Magazine

The Board of Directors of Flexsteel Industries, Inc., authorized an increase in the quarterly dividend paid to shareholders to $0.13 per share from $0.12 per share, an increase of 8%. They also declared a quarterly dividend of $0.13 per share on its common stock, payable October 4, 1999, to stockholders of record at the close of business on September 21, 1999. Flexsteel has paid 231 consecutive cash dividends. The Board of Directors emphasized their commitment to improve shareholder value through increased dividends based upon sustainable earnings per share. Flexsteel Industries, Inc., which began in 1893, is a leading manufacturer of seating products for Residential, Commercial and Recreational Vehicles with eight factories across the nation. Flexsteel is traded on NASDAQ under the market symbol FLXS and has annual -sales in excess of $260 million.