Haverty Furniture Companies (HVT) will raise its quarterly dividend to $0.15 per share.

The dividend is payable on September 8, 2017, to shareholders of record at the close of business on August 23, 2017. Havertys has paid a cash dividend in each year since 1935 and the new quarterly rate is the highest in its history.

Clarence H. Smith, chairman, president, and CEO, said, “We have invested heavily in our stores and infrastructure over the last several years and returned significant capital to stockholders. This dividend increase reflects our confidence in the strength of our ongoing cash flow generation while still maintaining flexibility for future growth."

Haverty Furniture Companies, Inc. is a retailer of residential furniture and accessories. The Company offers mattress product lines, such as Sealy, Tempur-Pedic, Serta, Stearns & Foster and Beautyrest Black. Havertys customers are college educated women in middle to upper-middle income households. The Company stores are located in areas, including Florida, Texas, North Carolina, Tennessee and Maryland.