Haverty Furniture Companies, Inc. (HVT) to Issue Quarterly Dividend of $0.33 on June 16th

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

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 payout ratio of 53.9% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of HVT stock opened at $23.31 on Friday. Haverty Furniture Companies has a 12-month low of $19.32 and a 12-month high of $27.67. The firm has a market capitalization of $374.98 million, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The business has a 50 day simple moving average of $21.92 and a 200 day simple moving average of $23.56.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%.The business had revenue of $189.05 million during the quarter, compared to analyst estimates of $191.99 million. On average, equities analysts anticipate 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.