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

Haverty Furniture Companies, Inc. (NYSE:HVT) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Tuesday, November 26th will be paid a dividend of 0.32 per share on Thursday, December 12th. This represents a $1.28 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Tuesday, November 26th.

Haverty Furniture Companies has raised its dividend payment by an average of 15.3% annually over the last three years. Haverty Furniture Companies has a payout ratio of 52.2% 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 Performance

Shares of HVT opened at $23.55 on Friday. The firm has a market capitalization of $386.46 million, a P/E ratio of 14.81, a P/E/G ratio of 2.07 and a beta of 1.48. Haverty Furniture Companies has a 52 week low of $21.61 and a 52 week high of $37.05. The stock has a 50 day moving average price of $24.82 and a two-hundred day moving average price of $26.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.