Haverty Furniture Companies, Inc. (NYSE:HVT) to Issue $0.33 Quarterly Dividend

Haverty Furniture Companies, Inc. (NYSE:HVT) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, June 1st will be given a dividend of 0.33 per share on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Monday, June 1st.

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 annually for the last 4 consecutive years. Haverty Furniture Companies has a payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Haverty Furniture Companies to earn $2.59 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 51.0%.

Haverty Furniture Companies Stock Down 2.2%

Haverty Furniture Companies stock opened at $23.31 on Friday. The company has a market capitalization of $374.98 million, a P/E ratio of 19.42, a PEG ratio of 1.23 and a beta of 1.20. The stock’s 50 day moving average is $21.92 and its 200 day moving average is $23.56. Haverty Furniture Companies has a twelve month low of $19.32 and a twelve month high of $27.67.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $189.05 million for the quarter, compared to the consensus estimate of $191.99 million. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%. As a group, equities analysts expect that Haverty Furniture Companies will post 1.62 EPS for the current 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.