Haverty Furniture Companies: A Perfect Fit For Conservative Dividend Investors (NYSE:HVT)

Date:


Haverty

J. Michael Jones

Investment thesis

After experiencing a demand boost in 2021 and 2022 driven by the reopening the U.S. economy after the worst months of the coronavirus pandemic, a significant number of Haverty Furniture’s (NYSE:HVT) customers have

Year 2015 2016 2017 2018 2019 2020 2021 2022 2023
Cash from operations (in millions) $52.2 $60.1 $52.5 $70.4 $63.4 $130.2 $97.2 $51.0 $97.2
Dividends paid (in millions) $8.1 $30.4 $11.4 $35.5 $15.1 $50.5 $52.5 $33.9 $35.2
Cash payout ratio 16% 51% 22% 50% 24% 39% 54% 66% 36%



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