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Stock impact report

Havertys Announces Third Quarter Increased Cash Dividend and New Authorization Under Stock Repurchase Program

Haverty Furniture Companies, Inc. (HVT) 
Last haverty furniture companies, inc. earnings: 2/18 04:11 pm Check Earnings Report
US:NYSE Investor Relations: havertys.com/furniture/annual-reports
Company Research Source: GlobeNewswire
ATLANTA, Aug. 09, 2019 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today that, on August 9, 2019, its board of directors approved an increase in its quarterly dividend. The board raised the dividend on the company’s common stock 11% from $0.18 per share to $0.20 per share. The quarterly dividend for the company’s Class A common stock was also increased from $0.17 per share to $0.19 per share. The dividend is payable on September 11, 2019 to stockholders of record at the close of business on August 26, 2019. Havertys has paid a cash dividend in each year since 1935. 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 once the approximately $7.0 million remaining authorization is utilized. The company has repurchased approximately 1.1 million shares of common stock for $19.3 million during 2019. Shares may be repurchased, at the company’s d Show less Read more
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