Haverty Furniture Companies, Inc. Declares Quarterly Dividend of $0.32 (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.32 per share on Friday, March 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Thursday, March 6th.

Haverty Furniture Companies has increased its dividend by an average of 9.1% annually over the last three years. Haverty Furniture Companies has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Haverty Furniture Companies to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 81.5%.

Haverty Furniture Companies Stock Performance

Shares of Haverty Furniture Companies stock traded down $0.21 during trading on Thursday, reaching $21.60. The company had a trading volume of 154,412 shares, compared to its average volume of 100,246. The company has a market cap of $354.51 million, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48. The firm’s fifty day moving average is $22.21 and its 200-day moving average is $24.33. Haverty Furniture Companies has a fifty-two week low of $21.05 and a fifty-two week high of $35.50.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Friday, October 25th.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.