Culp, Inc.
CULPCulp, Inc. (CULP) is a global manufacturer of textile products, primarily producing cut and woven fabrics used in home furnishings, mattress markets, and other upholstery applications. Founded in 1972 and based in High Point, North Carolina, the company supplies its products to leading furniture and mattress manufacturers worldwide, focusing on innovation, quality, and sustainable practices in the textiles industry.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| April 19, 2022 | $0.12 | 2022-04-08 | 2022-04-11 |
| January 19, 2022 | $0.12 | 2022-01-10 | 2022-01-11 |
| October 18, 2021 | $0.11 | 2021-10-07 | 2021-10-11 |
| July 16, 2021 | $0.11 | 2021-07-08 | 2021-07-09 |
| April 16, 2021 | $0.11 | 2021-04-08 | 2021-04-09 |
Dividends Summary
- Consistent Payer: Culp, Inc. has rewarded shareholders with 45 dividend payments over the past 10 years.
- Total Returned Value: Investors who held CULP shares during this period received a total of $4.81 per share in dividend income.
- Latest Payout: The most recent dividend of $0.12/share was paid 1375 days ago, on April 19, 2022.
- Yield & Schedule: CULP currently pays dividends quarterly with an annual yield of 12.02%.
- Dividend Growth: Since 2012, the dividend payout has grown by 283.3%, from $0.03 to $0.12.
- Dividend Reliability: CULP has maintained or increased its dividend for 19 consecutive payments.
Company News
22nw Fund LP, a significant shareholder in Culp Inc, has increased its stake in the company through multiple stock purchases totaling over $57,000. The transactions reflect continued interest and confidence in the future of Culp Inc by the investment group.
Culp Inc director Sharon Decker purchased 5,000 shares of the company's common stock, increasing her direct ownership to 30,544 shares. The transaction reflects a straightforward addition to Decker's stake in the textile manufacturer.
Culp Inc director Kimberly Bullock Gatling acquired 1,000 shares of the company's common stock at $5.013 per share, reflecting a vote of confidence in the company's prospects.
American Outdoor's (AOUT) fiscal fourth-quarter 2024 results reflect top-line growth on the back of demand strength in its outdoor lifestyle and shooting sports categories. However, increased costs and expenses hurt the bottom line.
CULP's fourth-quarter fiscal 2024 results reflect ongoing macroeconomic headwinds impacting the sales trend of the company across its two reportable businesses. Yet, operational excellence and restructuring initiatives bode well.
