HVT Haverty Furniture Cos. Inc.

Havertys Announces Third Quarter Cash Dividend and New Authorization Under Stock Repurchase Program

Havertys Announces Third Quarter Cash Dividend and New Authorization Under Stock Repurchase Program

ATLANTA, Aug. 06, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today that 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 $0.25 per share on the common stock and $0.23 per share on the Class A common stock. The dividend is payable on September 8, 2021, to stockholders of record at the close of business on August 23, 2021. 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 $25.0 million of its common stock and Class A common stock once the approximately $8.2 million remaining authorization is utilized. The company has repurchased approximately 235,000 shares of common stock for $8.6 million during the third quarter of 2021. Shares may be repurchased, at the company’s discretion, from time-to-time in the open market or in privately negotiated transactions.

Clarence H. Smith, chairman and CEO, said, “The board of directors carefully analyzes our capital allocation. Their actions today demonstrate the strength of our financial position and their confidence in our future cash flow generation to drive future growth and return capital to stockholders using a balanced approach.”

About Havertys

Havertys (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 122 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 at .

Contact:

Havertys 404-443-2900

Jenny Hill Parker

SVP, finance and

corporate secretary

SOURCE: Havertys



EN
06/08/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Haverty Furniture Cos. Inc.

Haverty Furniture Companies Inc: 1 director

A director at Haverty Furniture Companies Inc sold 3,519 shares at 31.571USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...

 PRESS RELEASE

Havertys Announces Increase in Quarterly Dividend

Havertys Announces Increase in Quarterly Dividend ATLANTA, May 17, 2022 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today that its board of directors declared a 12% increase in the quarterly dividend rate, from $0.25 per share to $0.28 per share on the company’s common stock. The quarterly dividend for the company’s Class A common stock is also being increased from $0.23 per share to $0.26 per share. The dividend is payable on June 17, 2022 to stockholders of record at the close of business on June 2, 2022. Havertys has paid a cash dividend in each year since 1935. Clare...

 PRESS RELEASE

Havertys Reports Operating Results for First Quarter 2022

Havertys Reports Operating Results for First Quarter 2022 ATLANTA, May 02, 2022 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A), today reported its operating results for the first quarter ended March 31, 2022. First quarter 2022 versus first quarter 2021: Consolidated sales increased 1.0% to $238.9 million. Comparable store sales increased 0.2%.Gross profit margin of 59.0% versus 57.1% and above expectations due to merchandise mix and pricing.Diluted earnings per common share (“EPS”) of $1.11 versus $1.04. Clarence H. Smith, chairman and CEO, said, “We are pleased to report the resu...

 PRESS RELEASE

Havertys To Host First Quarter 2022 Earnings Conference Call on May 3,...

Havertys To Host First Quarter 2022 Earnings Conference Call on May 3, 2022 ATLANTA, April 26, 2022 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) will release its first quarter 2022 financial results on Monday, May 2, 2022, after the market closes. The company will host a conference call with investors and analysts on Tuesday, May 3, 2022, at 10:00 a.m. ET to discuss the results of its operations. Havertys invites interested parties to listen to the live audiocast of the conference call at its website, . A replay will be available at the website or via telephone at approximately 1:0...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch