Investor FAQs

Haverty's corporate offices are located at:

780 Johnson Ferry Road
Suite 800
Atlanta, Georgia 30342

Havertys was founded in 1885 by Mr. J.J. Haverty. The first Havertys store was located in Atlanta, Georgia. The Company grew to 21 stores by 1929 and to finance continued growth the Company accessed the booming public market in stocks with its initial public offering on October 1, 1929. The Company is one of only a few of the current publicly traded companies that pre-date “Black Thursday”. The Company had a secondary offering in 1993 at which time it had 89 stores and sales of $322.9 million. On August 28, 1998, the Company’s two classes of stock began trading on the New York Stock Exchange. Prior to trading on the NYSE, the Company’s shares were listed on NASDAQ.

Common Stock has a preferential dividend rate of at least 105% of the dividend paid on Class A Common Stock. Class A Common Stock has greater voting rights which include: voting as a separate class for the election of 75% of the total number of directors of the Company and on all other matters subject to shareholder vote, each share of Class A Common Stock has ten votes and votes with the Common Stock as a single class. Class A Common Stock is convertible at the holder’s option at any time into Common Stock on a 1-for-1 basis; Common Stock is not convertible into Class A Common Stock.

Havertys has a long tradition of returning a portion of its profits to its shareholders in the form of dividends. Havertys has paid a dividend since 1935. You can refer to the market and dividend prices chart for historical information for the past five years.

Havertys does not have a DRIP.

The Company’s Board is comprised of nine directors and in keeping with the listing requirements of the New York Stock Exchange, a majority of the members are independent directors. You can read a brief bio on each of the Company’s directors at the Board of Directors portion of our website.

The Company's Board of Directors has the following committees:

1) Audit Committee
2) Nominating, Compensation and Governance Committee
3) Executive Committee

A description of the duties and responsibilities, respective members and charters of each committee is available under Corporate Governance.