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Ethan Allen hikes dividend by 11.1%

DANBURY, Conn. — Directors of Ethan Allen have approved an increase in the quarterly cash dividend to 10 cents per share.

The new rate is 11.1%, or 1 cent per share higher than the previous dividend. It is payable Oct. 25 to shareholders of record on Oct. 10.

Last week, the manufacturer and retailer reported fourth-quarter net income rose 12.3% despite a 1.7% drop in net sales.

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