HAVERTYS (HVT) will raise its quarterly dividend by 11.1 percent to 20 cents per share quarterly in 2019.

The dividend is payable on September 11, 2019 to stockholders of record at the close of business on August 26, 2019. Havertys has paid a cash dividend in each year since 1935.

Clarence H. Smith, chairman, president, and CEO, said, “The board of directors actively reviews our capital allocation. The actions announced today reflect our confidence in our future cash flow generation, ability to fund future growth, and discipline and balance in returning capital to stockholders.” 

Havertys (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 120 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.