Havertys Authorized A Special Cash Dividend To Be Paid On The Outstanding Shares Of The Two Classes Of $1 Par Value Common Stock Of The Company At A Rate Of $1 Per Share On The Common Stock And $0.95 Per Share On The Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Havertys (NYSE:HVT) has announced a special cash dividend of $1.00 per share on common stock and $0.95 per share on Class A common stock. Additionally, the board approved a regular quarterly cash dividend of $0.30 per share on common stock and $0.28 per share on Class A common stock. Both dividends will be paid on December 13, 2023, to shareholders of record as of November 28, 2023. Havertys has a long history of paying dividends, having done so annually since 1935.
November 10, 2023 | 9:12 pm
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Havertys has declared a special cash dividend and a regular quarterly dividend, rewarding shareholders with a significant payout.
The announcement of a special cash dividend is typically viewed positively by investors as it indicates the company's strong financial position and commitment to returning value to shareholders. The historical consistency of dividend payments since 1935 also reinforces investor confidence in Havertys' financial stability. This news is likely to have a positive short-term impact on HVT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100