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

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, March 6th will be given a dividend of 0.32 per share on Friday, March 21st. This represents a $1.28 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, March 6th.

Haverty Furniture Companies has increased its dividend payment by an average of 9.1% annually over the last three years. Haverty Furniture Companies has a payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.9 %

Shares of NYSE:HVT traded down $0.21 during trading on Thursday, hitting $21.60. 154,412 shares of the company’s stock traded hands, 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. Haverty Furniture Companies has a 52 week low of $21.05 and a 52 week high of $35.50. The company has a 50-day moving average price of $22.21 and a 200-day moving average price of $24.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report 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.