Haverty Furniture Companies, Inc. (NYSE:HVT) declared a quarterly dividend on Friday, August 9th, NASDAQ reports. Investors of record on Monday, August 26th will be given a dividend of 0.20 per share on Wednesday, September 11th. This represents a $0.80 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Friday, August 23rd. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.18.
Haverty Furniture Companies has increased its dividend payment by an average of 26.0% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Haverty Furniture Companies has a dividend payout ratio of 58.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Haverty Furniture Companies to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 61.1%.
Shares of HVT stock traded up $0.34 during trading hours on Wednesday, reaching $19.38. The company’s stock had a trading volume of 38 shares, compared to its average volume of 146,462. The stock has a market capitalization of $375.09 million, a P/E ratio of 13.58 and a beta of 0.98. Haverty Furniture Companies has a one year low of $15.81 and a one year high of $25.09. The firm’s fifty day simple moving average is $18.13 and its 200 day simple moving average is $20.13.
HVT has been the topic of several research reports. ValuEngine upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Zacks Investment Research lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Finally, TheStreet lowered Haverty Furniture Companies from a “b-” rating to a “c+” rating in a research report on Friday, May 31st.
About Haverty Furniture Companies
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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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