Haverty Furniture Companies, Inc. (HVT) to Issue Quarterly Dividend of $0.32 on March 21st

Haverty Furniture Companies, Inc. (NYSE:HVT) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors 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 yield of 5.73%. The ex-dividend date is Thursday, March 6th.

Haverty Furniture Companies has raised its dividend by an average of 9.1% annually over the last three years. Haverty Furniture Companies has a dividend payout ratio of 50.2% indicating that its dividend is sufficiently covered by earnings. 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 Down 2.2 %

NYSE:HVT opened at $22.32 on Tuesday. Haverty Furniture Companies has a 52 week low of $21.04 and a 52 week high of $34.79. The company has a market capitalization of $366.23 million, a P/E ratio of 14.04, a P/E/G ratio of 1.15 and a beta of 1.48. The stock’s fifty day moving average is $22.17 and its two-hundred day moving average is $24.00.

Haverty Furniture Companies (NYSE:HVT) last posted its 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%. The company had revenue of $184.35 million for the quarter, compared to the consensus estimate of $179.84 million. Sell-side analysts anticipate that Haverty Furniture Companies will post 0.88 earnings per share for the current fiscal year.

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.