Haverty Furniture Companies, Inc. (HVT) to Issue Quarterly Dividend of $0.33 on March 25th

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.33 per share on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, March 10th.

Haverty Furniture Companies has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Haverty Furniture Companies has a dividend payout ratio of 53.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Haverty Furniture Companies to earn $1.57 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 84.1%.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT opened at $22.86 on Friday. The company has a market capitalization of $371.93 million, a PE ratio of 19.54, a PEG ratio of 1.02 and a beta of 1.32. Haverty Furniture Companies has a 52 week low of $17.01 and a 52 week high of $27.67. The company has a 50 day moving average price of $25.37 and a two-hundred day moving average price of $23.58.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $201.92 million for the quarter, compared to analyst estimates of $197.47 million. Haverty Furniture Companies had a return on equity of 6.45% and a net margin of 2.60%. On average, sell-side analysts forecast that Haverty Furniture Companies will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Company Profile

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.