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

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be given a dividend of 0.32 per share on Friday, March 21st. This represents a $1.28 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend is Thursday, March 6th.

Haverty Furniture Companies has increased its dividend by an average of 9.1% annually over the last three years. Haverty Furniture Companies has a 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 Down 0.9 %

HVT traded down $0.21 during trading on Thursday, hitting $21.60. The company’s stock had a trading volume of 154,412 shares, compared to its average volume of 100,246. The stock’s fifty day moving average price is $22.21 and its 200-day moving average price is $24.33. Haverty Furniture Companies has a twelve month low of $21.05 and a twelve month high of $35.50. The firm has a market capitalization of $354.51 million, a P/E ratio of 13.59, a PEG ratio of 1.17 and a beta of 1.48.

Analyst Ratings Changes

Separately, StockNews.com lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note 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.