Havertys One-Time Cash Dividend Declared

November 11, 2009 4:30 PM EST

ATLANTA, Nov. 11 /PRNewswire-FirstCall/ -- At the meeting of the Board of Directors of HAVERTY FURNITURE COMPANIES, INC., (NYSE: HVT and HVT.A) held on November 11, 2009, the directors declared a one-time cash dividend to be paid on the two classes of $1 par value common stock of the Company, payable Friday, December 11, 2009 to stockholders of record at the close of business on Wednesday, November 25, 2009, at a rate of $0.0225 per share on the outstanding shares of Common Stock (Cusip #419596101) and $0.0200 per share on the outstanding shares of Class A Common Stock (Cusip #419596200).

"The directors suspended the quarterly dividend in November of last year as the general economy and capital markets experienced serious declines," said Clarence H. Smith, president and chief executive officer. "During the past year, Havertys has made significant changes to realign its operations for the current economic environment. We have improved our cash position and have maintained a strong balance sheet. Given our liquidity and significant de-leveraging, we believe it is appropriate to declare a one-time dividend."

Havertys has paid a cash dividend in each year since 1935.

Havertys is a full-service home furnishings retailer with 121 showrooms in 17 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 www.havertys.com.

    Contact for Information:
    Jenny Hill Parker
    Vice President,
    Secretary and Treasurer
    (404) 443-2900

SOURCE Haverty Furniture Companies, Inc.

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