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ATLANTA - Haverty Furniture Companies, Inc. (NYSE:HVT, HVT.A) announced Friday it will increase its quarterly dividend by $0.01 per share, raising the payout on common stock from $0.32 to $0.33 per share. The furniture retailer currently offers a substantial 5.72% dividend yield and appears undervalued according to InvestingPro Fair Value estimates.
The furniture retailer is also boosting the quarterly dividend on its Class A common stock from $0.30 to $0.31 per share, according to a press release statement.
The dividend will be paid on December 11, 2025, to stockholders of record as of November 25, 2025.
Havertys has maintained its record of paying cash dividends annually since 1935, spanning 90 years of consecutive dividend payments.
The company, established in 1885, operates 129 showrooms across 17 states primarily in the Southern and Midwestern regions of the United States. Havertys positions itself as a full-service home furnishings retailer focusing on middle to upper-middle price range merchandise.
In other recent news, Haverty Furniture Companies Inc. reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.28, which exceeded the forecasted $0.23, resulting in a 21.74% surprise. Additionally, Haverty Furniture's revenue outperformed projections, reaching $194.5 million compared to the anticipated $183.12 million, marking a 6.21% beat. These results highlight the company's strong performance in the recent quarter. The earnings announcement reflects positively on the company's financial health and operational efficiency. Investors are likely to take note of these figures as they assess Haverty's future potential. Analysts from various firms may adjust their outlooks based on this performance, although specific upgrades or downgrades have not been detailed in the recent reports. These developments are significant for stakeholders keeping a close eye on Haverty Furniture's market position.
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