Haverty Furniture Companies, Inc. (NYSE:HVT) Plans Dividend Increase – $0.20 Per Share

Share on StockTwits

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.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $191.90 million for the quarter, compared to analyst estimates of $194.32 million. Haverty Furniture Companies had a return on equity of 9.84% and a net margin of 3.44%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Analysts expect that Haverty Furniture Companies will post 1.25 earnings per share for the current year.

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.

Featured Story: How do buyers and sellers choose a strike price?

Dividend History for Haverty Furniture Companies (NYSE:HVT)

Receive News & Ratings for Haverty Furniture Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Companies and related companies with MarketBeat.com's FREE daily email newsletter.