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

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Tuesday, November 26th.

Haverty Furniture Companies has increased its dividend payment by an average of 15.3% annually over the last three years. Haverty Furniture Companies has a dividend payout ratio of 52.2% meaning its dividend is sufficiently covered by earnings. 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 Performance

NYSE HVT opened at $23.55 on Friday. The stock’s fifty day moving average is $24.82 and its two-hundred day moving average is $26.25. The firm has a market capitalization of $386.46 million, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 2.07 and a beta of 1.48. Haverty Furniture Companies has a fifty-two week low of $21.61 and a fifty-two week high of $37.05.

Wall Street Analysts Forecast Growth

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