Havertys Increases Quarterly Dividend by 7.1%
Dividends
May 20, 2023
Havertys (NYSE:HVT and HVT.A), a leading furniture retailer, has recently announced a significant increase in its quarterly dividend. The company's board of directors has declared a 7.1% boost in the dividend payout for both the common stock and Class A common stock. This decision reflects Havertys' positive long-term outlook, robust financial position, and dedication to delivering value to its stockholders. The increased dividend is set to be paid out on June 21, 2023, to stockholders of record as of June 6, 2023.
The quarterly dividend for Havertys' common stock will rise from $0.28 per share to $0.30 per share, marking a 7.1% increase. Similarly, the dividend for the company's Class A common stock will be elevated from $0.26 per share to $0.28 per share. This move is a testament to the company's commitment to rewarding its shareholders while acknowledging their continued support and confidence in Havertys' growth trajectory.
Havertys takes pride in its longstanding history of consistently paying dividends to its shareholders. Since 1935, the company has maintained a tradition of distributing cash dividends, showcasing its commitment to delivering value to investors even through various economic cycles. This continuous dividend payment reinforces Havertys' stability and financial strength, solidifying its position as a reliable and trustworthy investment option.
Clarence H. Smith, the chairman and chief executive officer of Havertys, expressed his satisfaction with the board's decision to increase the quarterly dividend. Smith highlighted that this step reflects the company's positive long-term outlook, as well as its dedication to its stockholders. The dividend increase underscores Havertys' strong financial position and demonstrates the management's confidence in the company's ability to generate sustainable growth and shareholder value.
Members of LevelFields received the alert of this event on May 19, 7:05 AM ET
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions,and let LevelFields help you become a better trader.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.