Havertys Announces Quarterly Dividend and New Authorization Under Stock Repurchase Program
May 08 2018 - 4:55PM
HAVERTYS (NYSE:HVT) and (NYSE:HVT.A) announced today, May 8,
2018, its board of directors declared a cash dividend to be paid on
the outstanding shares of the two classes of $1 par value common
stock of the company at a rate of $0.18 per share on the common
stock and $0.17 per share on the Class A common stock. The dividend
is payable Friday, June 8, 2018 to shareholders of record at the
close of business on Wednesday, May 23, 2018. Havertys has paid a
cash dividend in each year since 1935.
The board also approved a new authorization
under its stock repurchase program that permits the company to
purchase up to $10.0 million of its common stock and Class A common
stock. The company has approximately $5.4 million remaining for
purchases under a previously approved authorization. Shares may be
repurchased, at the company’s discretion, from time-to-time in the
open market or in privately negotiated transactions.
About Havertys
Havertys (NYSE:HVT) and (NYSE:HVT.A),
established in 1885, is a full-service home furnishings retailer
with 123 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:Haverty Furniture Companies, Inc., 404-443-2900Jenny
Hill Parker SVP, Finance, Secretary and Treasurer
SOURCE: Havertys
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