Havertys Declares Cash Dividend

November 7, 2011  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on November 8, 2011 Home furnishings retailer Haverty Furniture Cos. (NYSE: HVT and NYSE: HVT-A) has declared a one-time cash dividend on both share classes of $1 par value common stock.

The dividend is payable Dec. 2 to shareholders of record at the close of business Nov. 18. The rate is $0.12 per share on outstanding shares of common stock, and $0.1125 per share on the outstanding shares of Class A common stock.

"We are pleased that our strong cash position and operational results allows us to return cash to the stockholders," said Clarence H. Smith, president and chief executive officer. "Our plans are to pay dividends 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.

The retailer operates 119 showrooms in 17 states in the South and Midwest.