Haverty Furniture Companies, Inc. (HVT) to Issue Quarterly Dividend of $0.33 on September 9th

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Friday, August 7th. Shareholders of record on Tuesday, August 25th will be given a dividend of 0.33 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, August 25th.

Haverty Furniture Companies has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Haverty Furniture Companies has a payout ratio of 53.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Haverty Furniture Companies to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 50.2%.

Haverty Furniture Companies Price Performance

HVT stock opened at $27.39 on Friday. The stock has a market capitalization of $427.01 million, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a 50-day moving average of $26.00 and a two-hundred day moving average of $24.02. Haverty Furniture Companies has a 52-week low of $19.89 and a 52-week high of $29.83.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Haverty Furniture Companies had a return on equity of 7.15% and a net margin of 2.93%.The business had revenue of $194.94 million for the quarter, compared to analyst estimates of $189.19 million. Equities analysts expect that Haverty Furniture Companies will post 1.62 EPS for the current fiscal year.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.