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

Haverty Furniture Companies, Inc. (NYSE:HVT) declared a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Shareholders of record on Tuesday, November 26th will be given a dividend of 0.32 per share on Thursday, December 12th. This represents a $1.28 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Tuesday, November 26th.

Haverty Furniture Companies has raised its dividend payment by an average of 15.3% per year over the last three years. Haverty Furniture Companies has a dividend payout ratio of 51.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Haverty Furniture Companies to earn $1.87 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 68.4%.

Haverty Furniture Companies Stock Up 1.0 %

HVT stock traded up $0.22 during trading on Monday, reaching $23.16. 131,429 shares of the company’s stock were exchanged, compared to its average volume of 184,400. Haverty Furniture Companies has a 1-year low of $21.61 and a 1-year high of $37.05. The firm has a market cap of $380.06 million, a PE ratio of 14.43, a P/E/G ratio of 2.06 and a beta of 1.48. The company’s fifty day moving average price is $25.44 and its 200-day moving average price is $26.72.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.