Havertys Announces Increase in Quarterly Dividend

Rhea-AI Summary

HAVERTYS announces a 7.1% increase in quarterly dividend for its common stock and Class A common stock.

Positive

• Havertys increases quarterly dividend by 7.1% for common stock and Class A common stock.

Negative

• None.

ATLANTA, GA / ACCESSWIRE / May 19, 2023 / HAVERTYS (NYSE:HVT and HVT.A) announced today that its board of directors declared a 7.1% increase in the quarterly dividend, from $0.28 per share to $0.30 per share on the company's common stock. The quarterly dividend for the company's Class A common stock is also being increased from $0.26 to $0.28 per share. The dividend is payable on June 21, 2023, to stockholders of record at the close of business on June 6, 2023. Havertys has paid a cash dividend in each year since 1935.

Clarence H. Smith, chairman and chief executive officer, said, "The board's decision to increase the quarterly dividend reflects our long-term outlook, strong financial position, and our commitment to Havertys stockholders."

About Havertys

Havertys (NYSE:HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 123 showrooms in 16 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
Jenny Hill Parker
SVP, finance and corporate secretary

SOURCE: Havertys

View source version on accesswire.com:
https://www.accesswire.com/756143/Havertys-Announces-Increase-in-Quarterly-Dividend

FAQ

What is the dividend increase percentage announced by Havertys?

Havertys announced a 7.1% increase in the quarterly dividend.

When will the dividend be payable to stockholders?

The dividend will be payable on June 21, 2023.

Who is the chairman and CEO of Havertys?

The chairman and CEO of Havertys is Clarence H. Smith.

Since when has Havertys been paying cash dividends?

Havertys has been paying cash dividends since 1935.