Havertys Announces Special Cash Dividend, Quarterly Cash Dividend, and Additional Authorization Under Stock Repurchase Program
05 Noviembre 2021 - 2:11PM
HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of
directors 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 $2.00 per share on the common stock and
$1.90 per share on the Class A common stock. The board also
approved the payment of the quarterly cash dividend of $0.25 per
share on the common stock and $0.23 per share on the Class A common
stock. The special cash dividend and regular quarterly dividend
will be paid together on December 8, 2021 to stockholders of record
at the close of business on November 22, 2021. Havertys has paid a
cash dividend in each year since 1935.
The board also approved a new authorization under
its stock repurchase program that permits the company to purchase
up to $25.0 million of its common stock and Class A common stock
once the approximately $22.3 million remaining authorization is
utilized. Shares may be repurchased, at the company’s discretion,
from time-to-time in the open market or in privately negotiated
transactions.
Clarence H. Smith, chairman and chief executive
officer, said, "We believe in a balanced approach on returns to
stockholders of dividends and open-market share repurchases. The
board’s decision today highlights our strong balance sheet and
operating results allowing for these returns to Havertys
stockholders while maintaining capital for future growth and
potential opportunities.”
About Havertys
Havertys (NYSE: HVT and HVT.A), established in
1885, is a full-service home furnishings retailer with 121
showrooms in 16 states in the Southern and Midwestern regions
providing its customers with a wide selection of quality
merchandise in middle to upper-middle price ranges. Additional
information is available on the company’s website,
havertys.com.
Contact: Haverty Furniture Companies, Inc.,
404-443-2900 Jenny Hill Parker SVP, Finance, and
Corporate Secretary
SOURCE: Havertys
Haverty Furniture Compan... (NYSE:HVT)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Haverty Furniture Compan... (NYSE:HVT)
Gráfica de Acción Histórica
De May 2023 a May 2024