Havertys Announces Increase in Quarterly Dividend

Rhea-AI Summary

Havertys (NYSE: HVT, HVT-A) announced a 13.6% increase in its quarterly cash dividend, raising it from $0.22 to $0.25 per share for common stock and from $0.20 to $0.23 for Class A common stock. The dividend, which reflects strong operating results, will be paid on June 16, 2021, to shareholders on record as of June 1. This marks the continuation of Havertys' commitment to return value to its shareholders, having paid dividends annually since 1935.

Positive

• Dividend increased by 13.6%, demonstrating strong company performance.
• Long history of providing returns to stockholders, enhancing investor confidence.

Negative

• None.

ATLANTA, May 14, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of directors authorized an increase in its quarterly cash dividend. The board approved raising the quarterly dividend 13.6% from $0.22 per share to $0.25 per share on the company’s common stock. The quarterly dividend for the company’s Class A common stock was also increased from $0.20 per share to $0.23 per share. The dividend is payable on June 16, 2021, to stockholders of record at the close of business on June 1, 2021. Havertys has paid a cash dividend in each year since 1935.

Clarence H. Smith, chairman and chief executive officer, said, "Our operating results since the last half of 2020 have been outstanding. We have a long history of providing returns to stockholders and the board’s decision to increase the dividend reflects our results and outlook.”

About Havertys

Havertys (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 121 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, havertys.com.

Contact: 
Haverty Furniture Companies, Inc., 404-443-2900
Jenny Hill Parker
SVP, Finance, and Corporate Secretary

SOURCE: Havertys

FAQ

What is the new dividend amount for Havertys stock?

Havertys has increased its dividend to $0.25 per share for common stock and $0.23 for Class A common stock.

When will the new dividend be paid to shareholders of Havertys?

The new dividend will be payable on June 16, 2021.

What are the record dates for Havertys dividends?

The record date for the dividend is June 1, 2021.

How long has Havertys been paying dividends?

Havertys has paid a cash dividend every year since 1935.

How does the dividend increase reflect Havertys' financial health?

The dividend increase indicates strong operating results and a positive outlook for the company.