At the meeting of the board of directors of HAVERTY FURNITURE COMPANIES, INC., (NYSE: HVT and HVT.A) held on November 9, 2010, the directors declared a one-time cash dividend to be paid on the two classes of $1 par value common stock of the company, payable Monday, December 6, 2010 to stockholders of record at the close of business on Friday, November 19, 2010, at a rate of $0.100 per share on the outstanding shares of Common Stock (Cusip #419596101) and $0.095 per share on the outstanding shares of Class A Common Stock (Cusip #419596200).
Clarence H. Smith, president and chief executive officer, said, “We are pleased that our earnings and strong cash position in 2010 allows us to return cash to the shareholders. We intend to return capital when performance creates the appropriate opportunities while maintaining sufficient capital for our planned initiatives.”
Havertys has paid a cash dividend in each year since 1935.
Havertys is a full-service home furnishings retailer with 119 showrooms in 17 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.