Havertys Announces Increase In Quarterly Dividend From $0.30 To $0.32 Per Share
Portfolio Pulse from Benzinga Newsdesk
Havertys (NYSE:HVT) announced a 6.7% increase in its quarterly dividend from $0.30 to $0.32 per share for common stock and from $0.28 to $0.30 for Class A common stock, marking the 12th consecutive annual increase. The dividend is payable on June 14, 2024, to stockholders of record as of May 24, 2024. Havertys has maintained a consistent dividend payout since 1935.
May 01, 2024 | 9:27 pm
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Havertys announced a 6.7% increase in its quarterly dividend for both common and Class A stock, marking a consistent dividend growth for the 12th year.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Havertys' consistent dividend growth over 12 years demonstrates a strong commitment to returning value to shareholders, which could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100