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BOCA RATON, Fla. - Q.E.P. Co., Inc. (OTCQX: QEPC), a prominent designer, manufacturer, and distributor of flooring installation products, has declared a cash dividend of $0.20 per share. The dividend is scheduled for payment on May 28, 2025, to shareholders recorded as of May 1, 2025. The company’s current dividend yield stands at 1.99%, with the stock trading at $40.30 per share.
This announcement today reflects the company’s strategy to enhance shareholder returns and underscores its commitment to providing consistent shareholder value. According to InvestingPro data, QEPC has demonstrated strong financial performance with a 54.68% return over the past year and maintains a healthy P/E ratio of 10.41. QEP has a diverse portfolio of brands, including QEP®, LASH®, ROBERTS®, Capitol®, Premix-Marbletite® (PMM), Brutus®, and Homelux®, and distributes products globally through various retail and specialty distribution channels.
InvestingPro analysis reveals several positive indicators for QEPC, including high shareholder yield and strong financial health, with 5 additional exclusive tips available to subscribers.
Founded in 1979 and based in Boca Raton, Florida, QEP operates additional facilities across the United States, Canada, and Asia. The company has established itself in the market by offering a wide range of flooring solutions, such as specialty installation tools, adhesives, and underlayment. The company maintains strong financial health with a current ratio of 2.88, indicating robust liquidity and operational efficiency.
While Q.E.P. Co., Inc. has expressed confidence in its strategies for increasing profitability and stockholder value, it is important to note that forward-looking statements involve risks and uncertainties. These include market conditions, competitive product development, regulatory changes, and economic factors, among others, which could affect the company’s financial performance.
Investors are reminded that forward-looking statements are based on current expectations and beliefs and may change over time. The company has stated that it does not have an obligation to update such statements except as required by law.
This declaration is based on a press release statement from Q.E.P. Co., Inc. and is intended to inform shareholders and the market about the upcoming dividend distribution.
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