ATLANTA, GEORGIA, August 13, 2013 - The board of directors of Haverty Furniture Companies, Inc. (NYSE: HVT and HVT.A) declared a third quarter cash dividend to be paid on the two classes of $1 par value common stock of the company at a rate of $0.08 per share on the outstanding shares of Common Stock and $0.075 per share on the outstanding shares of Class A Common Stock. This is double the level of the quarterly dividend paid since June 2012 and is the highest quarterly cash rate in 41 years.
"Our profitability has increased significantly over the last year and reflects the success of our merchandising and marketing strategies and operational initiatives. This has allowed us to maintain our solid financial strength, grow our business, and increase returns to our stockholders," said Clarence Smith, chairman, president and CEO.
The dividend is payable Wednesday, September 11, 2013 to stockholders of record at the close of business on August 26, 2013. Havertys has paid a cash dividend in each year since 1935.
Havertys, established in 1885, is a full-service home furnishings retailer with 119 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 at www.havertys.com.
Haverty Furniture Companies, Inc., 404-443-2900
Jenny Hill Parker
SVP, Finance, Secretary and Treasurer