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Havertys Announces Increase in Quarterly Dividend
ATLANTA, May 14, 2021 (GLOBE NEWSWIRE) HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of directors authorized an increase in its quarterly cash dividend. The board approved raising the quarterly dividend 13.6% from $0.22 per share to $0.25 per share on the company’s common stock. The quarterly dividend for the company’s Class A common stock was also increased from $0.20 per share to $0.23 per share. The dividend is payable on June 16, 2021, to stockholders of record at the close of business on June 1, 2021. Havertys has paid a cash dividend in each year since 1935.
Clarence H. Smith, chairman and chief executive officer, said, “Our operating results since the last half of 2020 have been outstanding. We have a long history of providing returns to stockholders and the board’s decision to increase the dividend reflects our results and outlook.”
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