Havertys Announces First Quarter 2025 Cash Dividend

Rhea-AI Summary

Havertys (NYSE: HVT and HVT.A) has declared its first quarter 2025 cash dividend. The board approved a dividend of $0.32 per share for common stock and $0.30 per share for Class A common stock. The dividend will be paid on March 21, 2025, to stockholders of record as of March 6, 2025. This continues Havertys' long-standing tradition of dividend payments, which has been maintained annually since 1935.

Positive

• 90-year consistent dividend payment history since 1935
• Maintained quarterly dividend payments, showing financial stability

Negative

• None.

Insights

Financial Analyst

The announced quarterly dividend of $0.32 per common share and $0.30 per Class A share reflects Havertys' robust financial position in the challenging retail furniture market. The company's remarkable 90-year dividend payment history sets it apart in the retail sector, where consistent dividend payments are relatively rare.

The dual-class share structure, with slightly different dividend rates, represents a strategic approach to capital distribution while maintaining voting control. This structure has proven effective in balancing shareholder returns with long-term corporate governance stability.

What's particularly noteworthy is the maintenance of these dividend levels despite ongoing economic uncertainties and shifting consumer spending patterns in the home furnishings sector. This signals strong cash flow generation and prudent balance sheet management, essential factors for sustainable shareholder returns. The March 21 payment date, with a March 6 record date, follows the company's established quarterly distribution pattern, providing predictable income streams for investors.

ATLANTA, GA / ACCESS Newswire / February 19, 2025 / HAVERTYS (NYSE:HVT and HVT.A) announced today that its board of directors declared a cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $0.32 per share on the common stock and $0.30 per share on the Class A common stock. The dividend is payable on March 21, 2025, to stockholders of record at the close of business on March 6, 2025. Havertys has paid a cash dividend in each year since 1935.

About Havertys

Havertys (NYSE:HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 130 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.

Contact:

Havertys 404-443-2900
Richard Hare
EVP and CFO

SOURCE: Havertys

View the original press release on ACCESS Newswire

FAQ

What is Havertys' Q1 2025 dividend amount for common stock (HVT)?

Havertys declared a Q1 2025 dividend of $0.32 per share for common stock (HVT).

When will Havertys (HVT) pay its Q1 2025 dividend?

Havertys will pay its Q1 2025 dividend on March 21, 2025, to stockholders of record as of March 6, 2025.

What is the difference between HVT and HVT.A dividend payments for Q1 2025?

For Q1 2025, HVT common stock will receive $0.32 per share, while HVT.A Class A common stock will receive $0.30 per share.

How long has Havertys (HVT) been paying dividends?

Havertys has maintained an unbroken record of paying cash dividends every year since 1935.