Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Friday, August 9th, NASDAQ reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Friday, August 23rd. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.18.

Haverty Furniture Companies has raised its dividend by an average of 26.0% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Haverty Furniture Companies has a dividend payout ratio of 58.0% meaning its dividend is sufficiently covered by earnings. Equities 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%.

HVT stock traded up $0.34 during midday trading on Wednesday, reaching $19.38. The company had a trading volume of 38 shares, compared to its average volume of 146,462. The company has a market capitalization of $375.09 million, a price-to-earnings ratio of 13.58 and a beta of 0.98. The stock has a 50 day moving average price of $18.13 and a 200-day moving average price of $20.13. Haverty Furniture Companies has a 1-year low of $15.81 and a 1-year high of $25.09.

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

A number of research analysts recently commented on HVT shares. TheStreet downgraded Haverty Furniture Companies from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. ValuEngine raised Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Zacks Investment Research cut Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd.

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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Dividend History for Haverty Furniture Companies (NYSE:HVT)

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