Flexsteel Announces Quarterly Dividend

Flexsteel Industries, Inc. (NASDAQ: FLXS) … The Board of Directors of Flexsteel Industries, Inc. declared a quarterly dividend of $0.15 per share, payable October 4, 2012 to shareholders of record as of September 20, 2012.

Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 283rd consecutive quarterly cash dividend. The Company has no restrictions on the payment of dividends. The Company believes that its cash flow and operating income levels are supportive of the current dividend.

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

Contacts:

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