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

Haverty Furniture Companies, Inc. (NYSE:HVT - Get Free Report) declared 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 6.05%. The ex-dividend date of this dividend is Thursday, March 6th.

Haverty Furniture Companies has raised its dividend payment by an average of 9.1% per year over the last three years. Haverty Furniture Companies has a dividend 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 HVT traded up $0.03 during trading hours on Monday, reaching $21.17. The stock had a trading volume of 196,791 shares, compared to its average volume of 104,694. Haverty Furniture Companies has a 12 month low of $21.04 and a 12 month high of $34.98. The stock has a market capitalization of $347.28 million, a PE ratio of 13.31, a PEG ratio of 1.15 and a beta of 1.48. The company's 50-day moving average is $22.11 and its two-hundred day moving average is $24.16.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.30. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. Equities analysts anticipate that Haverty Furniture Companies will post 0.88 earnings per share for the current fiscal year.

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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.