Flexsteel Announces Quarterly Dividend

DUBUQUE, Iowa–(BUSINESS WIRE)–Flexsteel Industries, Inc. (NASDAQ: FLXS) … The Board of Directors of
Flexsteel Industries, Inc. declared a quarterly dividend of $0.18 per
share, payable April 1, 2016 to shareholders of record as of March 18,
2016.

Flexsteel has paid cash dividends on its common stock each year since
1938. This is the 297th consecutive quarterly cash dividend.
The Company believes that its cash flow and operating income levels
support the current dividend.

Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, and was
incorporated in 1929. Flexsteel is a designer, manufacturer, and
marketer of quality upholstered and wood furniture for residential,
healthcare, hospitality, office and recreational vehicle markets. All
products are distributed nationally.

Contacts

Flexsteel Industries, Inc., Dubuque
Timothy E. Hall, 563-585-8392
Chief
Financial Officer

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