Nobility Homes Declares $1.50 Special Dividend for Fiscal 2025
Nobility Homes, Inc. (OTCQX: NOBH), a Florida-based manufactured housing producer, declared a $1.50 per share special dividend for fiscal year 2025. The company has now paid annual special dividends for ten consecutive years.
Nobility Homes, Inc. (OTCQX: NOBH), a Florida-based manufactured housing producer, declared a $1.50 per share special dividend for fiscal year 2025. The board approved the payment on March 6, 2026. Read more dividend announcements.
The dividend will be paid on April 13, 2026, to shareholders of record as of March 30, 2026. This marks the tenth consecutive year the company has distributed a one-time cash dividend.
| Dividend Details | Information |
|---|---|
| Amount | $1.50 per share |
| Type | Special (one-time) |
| Record Date | March 30, 2026 |
| Payment Date | April 13, 2026 |
Financial Position
Nobility Homes reported strong balance sheet metrics as of January 31, 2026. The company held $25.9 million in cash, cash equivalents, certificates of deposit, and short-term investments with no outstanding debt.
Working capital stood at $45.6 million with a current ratio of 8.0 to 1. Shareholders' equity totaled $59.4 million, translating to a book value of $18.85 per share.
First Quarter Performance
The company reported first quarter fiscal 2026 sales of $10.5 million, down from $12.2 million in the prior year period. Net income declined to $1.6 million from $2.0 million year-over-year.
Earnings per share for the quarter came in at $0.50, compared to $0.61 in the same period last year. The company attributed the decline to fewer retail home sales at company-owned centers and a shift toward lower-margin sales to independent dealers.
President Terry Trexler cited higher interest rates, economic uncertainty, supply chain delays, material cost inflation, and labor shortages as ongoing challenges affecting customer purchasing decisions and production timelines. The company expects these headwinds to persist through fiscal 2026.