Haverty Furniture Companies, Inc. (NYSE:HVT – Get Free Report) declared a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, August 25th will be given a dividend of 0.33 per share on Wednesday, September 9th. This represents a c) annualized dividend and a dividend 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 dividend payout ratio of 53.9% indicating that 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 Trading Down 0.3%
HVT stock opened at $27.39 on Friday. Haverty Furniture Companies has a twelve month low of $19.89 and a twelve month high of $29.83. The company has a market capitalization of $427.01 million, a P/E ratio of 20.14, a PEG ratio of 1.41 and a beta of 1.20. The firm has a 50 day simple moving average of $26.00 and a 200-day simple moving average of $24.02.
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.
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