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Ethan Allen can buy back more shares

By Furniture Today Staff -- Furniture Today, November 20, 2005

Ethan Allen Interiors' board has authorized the retailer-manufacturer to buy back up to 2.5 million shares.

The move represents an increase in the previously authorized amount of about 2.1 million shares.

The company also declared a regular quarterly dividend of 18 cents per share, payable Jan. 25 to shareholders of record on Jan. 10.

"We are pleased with our progress in positioning our business to grow, and we are gratified to have the financial strength to continue our quarterly dividend and to repurchase shares when it makes good business and financial sense," said Chairman and CEO Farooq Kathwari.

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