Havertys sets cash dividend for common and Class A stock

ATLANTA - Haverty Furniture Companies, Inc. (NYSE:HVT and HVT.A), a long-standing home furnishings retailer, has declared a cash dividend payment for its shareholders. The company’s Board of Directors announced that a dividend of $0.32 per share will be paid on the common stock, with a slightly lower dividend of $0.30 per share on the Class A common stock. According to InvestingPro data, the stock currently offers an attractive 6.04% dividend yield, significantly above its 10-year average of 6%.

The dividends are scheduled for payment on June 17, 2025, to stockholders who are on record as of the close of business on June 2, 2025. This marks a continuation of Havertys’ long-standing tradition of distributing cash dividends, which has been consistent annually since 1935. InvestingPro analysis confirms the company has maintained dividend payments for 51 consecutive years, demonstrating remarkable financial stability.

Established in 1885, Havertys operates 130 showrooms across 17 states, primarily in the Southern and Midwestern United States. The company caters to the middle to upper-middle price range, offering a broad selection of quality home furnishings. With an impressive gross profit margin of 61% and a current market capitalization of $341 million, Havertys maintains a strong market position. InvestingPro analysis indicates the stock is currently trading below its Fair Value, presenting a potential opportunity for value investors.

This dividend announcement is based on a press release statement from Havertys and reflects the company’s ongoing commitment to providing value to its shareholders. The retailer has maintained a steady presence in the furniture market, adapting to consumer needs and market trends over its extensive history. The company’s financial health is further evidenced by its strong current ratio of 1.81 and moderate debt levels, with total debt to capital ratio at 0.39.

Investors in Havertys’ stocks can anticipate the upcoming dividend as a part of their investment returns. The company’s performance and shareholder distributions are key factors that often influence investor decisions.

Havertys’ financial and investor relations information can be accessed through their corporate website, although direct contact details and promotional content have been omitted from this report to maintain an unbiased perspective.

The declaration of dividends is a common practice among established companies, serving as a potential indicator of financial health and stability. However, it is important for investors to consider a range of factors when assessing the value and prospects of their investments.

In other recent news, Haverty Furniture Companies Inc reported its earnings for the first quarter of 2025, revealing a slight miss in earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of $0.23, which was below the expected $0.3133, and revenue came in at $181.6 million, slightly under the forecast of $182.98 million. Despite these misses, Haverty’s gross profit margin improved by 90 basis points to 61.2%, showing resilience in its financial operations. The company also highlighted strategic operational updates, including new product launches and store expansions, which may support future performance.

In terms of financial health, Haverty Furniture reported cash and cash equivalents of $111.9 million and maintained a debt-free balance sheet. The company plans to continue its store expansion strategy, aiming to open five new stores per year. Analyst feedback from firms like Sidoti and Co and TAG acknowledged the challenges posed by tariff uncertainties and the housing market but noted the company’s strong brand positioning and adaptive strategies. Looking ahead, Haverty projects a gross margin of 60-60.5% for 2025, with strategic focus on product innovation and operational efficiency. These developments reflect Haverty’s ongoing efforts to navigate market challenges while pursuing growth opportunities.

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