Havertys Declares One-Time Dividend

November 9, 2010  by in UnCategorized   

By Home Furnishings Business in Financial Reports on November 10, 2010

Haverty Furniture (NYSE: HVT) declared a one-time cash dividend Tuesday payable at $0.10 and $0.095 per share, respectively, on its Common and Class A Common stocks.

The dividend is payable on Dec. 6 to stockholders of record at the close of business Nov. 19.

Clarence H. Smith, president and chief executive officer, said, "We are pleased that our earnings and strong cash position in 2010 allows us to return cash to the shareholders," said Atlanta-based Havertys President and CEO Clarence H Smith. "We intend to return capital when performance creates the appropriate opportunities while maintaining sufficient capital for our planned initiatives."

Havertys has paid a cash dividend in each year since 1935.