Haverty (HVT) Raises Quarterly Dividend 20% to $0.12; Approves $10M Stock Buyback

Haverty (NYSE: HVT) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 20% increase from the prior dividend of $0.10.

The dividend will be payable on September 10, 2016, to stockholders of record on August 24, 2016, with an ex-dividend date of August 22, 2016.

The annual yield on the dividend is 2.3 percent.

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 a minor amount 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.

Havertys has paid a cash dividend in each year since 1935 and the new quarterly rate is the highest in its history.

For a dividend history and other dividend-related data on Haverty (HVT) click here.

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