Flexsteel sets rare stock buyback plan even as it slashes dividend, extends salary cuts
June 01, 2020 at 14:48 PM EDT
Flexsteel Industries Inc. announced Monday a stock repurchase program worth about 7% of its market capitalization, even as the residential furniture maker slashed its dividend and extended executive salary cuts as it looked to preserve cash amid the financial and business concerns created by the COVID-19 pandemic.
