Havertys Announces Distribution Promotion, Cash Dividend

May 17, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on May 2007 Atlanta-based Havertys announced Thursday that it has promoted Home Depot veteran Rick Rodgers to assistant vice president, distribution.

Since joining the 122-store retailer, he has been responsible for more fully developing strategies to strengthen the operational performance of the company’s distribution system. Prior to joining Havertys last year, he was director of operations for Home Depot Supply’s 21 distribution centers and had previous experience with Kellogg’s and Georgia Pacific.

“We are please to promote this experienced professional to this new key position in the distribution support area of our business, a function critical to Havertys’ success,” said President and CEO Clarence Smith.

Havertys also announced Thursday that its board of directors has approved a cash dividend to be paid to two classes of stockholders. The dividend rate is $0.0675 per share on shares of common stock and $0.0625 on shares of Class A common stock. Havertys has paid a quarterly cash dividend since 1935 and has increased the cash dividend paid to stockholders in each of the past 31 years.