Havertys Announces Special Cash Dividend and Quarterly Cash Dividend

Rhea-AI Summary

HAVERTYS (NYSE: HVT and HVT.A) authorizes special cash dividend of $1.00 per share on common stock and $0.95 per share on Class A common stock, alongside a quarterly cash dividend of $0.30 per share on common stock and $0.28 per share on Class A common stock. Both dividends will be paid on December 13, 2023, to stockholders of record on November 28, 2023. Havertys has a long history of paying cash dividends since 1935.

Positive

• Havertys demonstrates commitment to rewarding shareholders with special and regular dividends
• Consistent payment of cash dividends since 1935 reflects financial stability and long-term growth potential

Negative

• None.

ATLANTA, GEORGIA, November 10, 2023 - HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of directors authorized a special 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 $1.00 per share on the common stock and $0.95 per share on the Class A common stock.

The board also approved the payment of the quarterly cash dividend of $0.30 per share on the common stock and $0.28 per share on the Class A common stock.

The special cash dividend and regular quarterly dividend will be paid together on December 13, 2023 to stockholders of record at the close of business on November 28, 2023. 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 124 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

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FAQ

What is the special cash dividend authorized by Havertys?

Havertys authorized a special cash dividend of $1.00 per share on common stock and $0.95 per share on Class A common stock.

When will the special and regular quarterly dividends be paid?

Both dividends will be paid on December 13, 2023, to stockholders of record on November 28, 2023.

How long has Havertys been paying cash dividends?

Havertys has paid a cash dividend in each year since 1935, reflecting a long history of rewarding shareholders.