Thursday Is Your Last Chance To Buy Haverty Furniture Cos Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Haverty Furniture Cos (NYSE:HVT) has announced a quarterly dividend of 30 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own HVT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 13, 2023.
August 22, 2023 | 2:45 pm
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Haverty Furniture Cos (HVT) has announced a quarterly dividend of 30 cents per share. The stock will go ex-dividend on Friday, which may cause the stock to open lower.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date to reflect the payout. Therefore, the short-term impact on HVT's stock price is likely to be negative.
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