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

Haverty Furniture Companies, Inc. (NYSE:HVTGet Free Report) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Tuesday, March 10th will be given 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 of this dividend is Tuesday, March 10th.

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. Equities 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 firm has a market capitalization of $371.93 million, a PE ratio of 19.54, a price-to-earnings-growth 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 firm has a fifty day moving average of $25.37 and a 200 day moving average of $23.58.

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

Haverty Furniture Companies Company Profile

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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.

Further Reading

Dividend History for Haverty Furniture Companies (NYSE:HVT)

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