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flag Nobility Homes reports Q1 sales and earnings down, but pays a $1.25 dividend per share.

flag Nobility Homes reported a decline in sales and earnings for Q1 2025, with sales down to $12.2 million from $14.8 million in Q1 2024, and net income at $2.0 million, down from $2.3 million. flag The company's stock fell to $29.51 with a market cap of $96.47 million. flag Despite the drop, Nobility Homes has a strong financial position with $29.6 million in cash and no debt. flag The company attributed the decline to higher mortgage rates, production material delays, and labor shortages, expecting these challenges to persist. flag Nobility also announced a one-time cash dividend of $1.25 per share.

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