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

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.33 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis 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 annually for the last 4 consecutive years. Haverty Furniture Companies has a dividend payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

HVT stock opened at $27.39 on Friday. Haverty Furniture Companies has a one year low of $19.89 and a one year high of $29.83. The firm has a market cap of $427.01 million, a PE ratio of 20.14, a PEG ratio of 1.41 and a beta of 1.20. The firm’s 50 day moving average price is $26.00 and its 200-day moving average price is $24.02.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $194.94 million during the quarter, compared to analyst estimates of $189.19 million. Equities research analysts predict 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.