Havertys Increases its Quarterly Cash Dividend
February 27 2018 - 3:45PM
HAVERTYS (NYSE:HVT) (NYSE:HVT.A) announced today that its board of
directors approved an increase in its quarterly dividend. The board
raised the dividend on the company’s common stock 20% from $0.15
per share to $0.18 per share. The quarterly dividend for the
company’s Class A common stock was also increased from $0.1425 per
share to $0.17 per share.
Clarence H. Smith, chairman, president, and CEO, said, “We
continue to review our value creating opportunities and
alternatives for returning capital to stockholders. We raised
our dividend 25% in the third quarter of 2017 and this additional
increase reflects our confidence in funding future growth and
discipline in managing our ongoing cash flow generation.”
The dividend is payable on March 29, 2018, to shareholders of
record at the close of business on March 14, 2018. Havertys has
paid a cash dividend in each year since 1935.
About Havertys
Havertys (NYSE:HVT) (NYSE:HVT.A), established in 1885, is a
full-service home furnishings retailer with 124 showrooms in 16
states in the Southern and Midwestern regions providing its
customers with a wide selection of quality merchandise in middle to
upper-middle price ranges. Additional information is available on
the Company’s website havertys.com
Contact:Havertys 404-443-2900Jenny Hill
ParkerSVP, finance, secretary and treasurer
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