ATLANTA, GA – August 7, 2026 (STL.News) – Haverty Furniture Companies, Inc. (NYSE: HVT; HVT.A) has declared its latest quarterly cash dividend while also authorizing a new $15 million share repurchase program, reinforcing the home furnishings retailer’s commitment to returning capital to shareholders despite a challenging retail environment.
The announcement, approved by the company’s Board of Directors on Friday, continues a dividend tradition that dates back more than 90 years. Havertys has paid a cash dividend every year since 1935, making it one of the longer-running dividend-paying companies in the U.S. retail sector.
Haverty Quarterly Dividend Approved
The board declared a quarterly cash dividend of:
- $0.33 per share on Havertys’ common stock (NYSE: HVT)
- $0.31 per share on Class A common stock (NYSE: HVT.A)
The dividend will be paid on September 9, 2026, to shareholders of record at the close of business on August 25, 2026.
The declaration extends Havertys’ long-standing policy of rewarding investors through regular cash distributions, even during periods of economic uncertainty and changing consumer spending patterns.
Havertys – New $15 Million Share Repurchase Authorization
In addition to the dividend, Havertys’ Board approved a new $15 million stock repurchase authorization.
Under the program, the company may repurchase shares of both its common stock and Class A common stock from time to time through:
- Open-market purchases
- Privately negotiated transactions
The timing and amount of any repurchases will depend on market conditions, stock price, corporate cash needs, and other factors determined by management.
Share repurchase programs reduce the number of shares outstanding, which can increase earnings per share while providing another method of returning capital to investors.
A Long History in Furniture Retail
Founded in 1885, Havertys has grown into one of the nation’s oldest publicly traded furniture retailers.
Today the company operates 129 showrooms across 17 Southern and Midwestern states, serving customers seeking middle- to upper-middle-priced home furnishings.
Its stores offer:
- Living room furniture
- Bedroom collections
- Dining room furniture
- Home office furnishings
- Mattresses
- Home décor and accessories
The company differentiates itself through full-service design assistance, in-home consultation, and delivery services that complement its retail showroom operations.
Returning Capital to Shareholders
The dividend declaration and expanded buyback authorization reflect Havertys’ continued emphasis on shareholder returns.
Many mature retailers use a combination of dividends and share repurchases to distribute excess cash while maintaining flexibility during changing economic conditions.
The company’s consistent dividend history demonstrates management’s confidence in its ability to generate cash flow over the long term, even as the housing market and consumer discretionary spending remain cyclical.
Stock Performance
Havertys shares have experienced volatility during 2026 as investors weighed slowing furniture demand against signs of stabilization in the housing market.
The stock recently traded in the mid-$20 range, well below its 52-week high but above its yearly lows, reflecting improving investor sentiment following recent earnings updates.
Havertys continues to maintain a relatively conservative balance sheet with limited long-term debt compared with many retail peers. This factor has supported its ability to continue paying dividends and authorizing share repurchases.
Technical Analysis
From a technical standpoint, Havertys shares continue to show signs of stabilization following earlier weakness.
- Current price: Approximately $24–25 per share.
- 52-week range: Approximately $18 to $31.
- 50-day moving average: Shares are trading near or slightly above the 50-day moving average, indicating improving short-term momentum.
- 200-day moving average: The stock remains below its 200-day moving average, suggesting the longer-term trend has not yet fully turned positive.
- Relative Strength Index (RSI): Around 50, indicating neutral momentum with neither overbought nor oversold conditions.
- MACD: The indicator has improved in recent weeks and is approaching a bullish crossover, suggesting selling pressure has eased.
Investors will likely watch whether the stock can break above its 200-day moving average, which many technical analysts view as an important indicator of a sustained trend reversal.
Outlook
Havertys continues to navigate a retail environment influenced by higher borrowing costs, slower home sales, and cautious consumer spending. However, its established brand, regional market presence, and disciplined capital allocation strategy have allowed the company to maintain a strong balance sheet while continuing to reward shareholders.
The combination of a quarterly dividend and a new $15 million repurchase authorization signals management’s confidence in the company’s financial position and long-term outlook. As housing activity and consumer confidence improve, Havertys could be well positioned to benefit from renewed demand for home furnishings.
Investment Disclaimer
This article is provided for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult a licensed financial advisor before making any investment decisions.
