NEWS DETAILS

Havertys - Special Cash Dividend and Quarterly Dividend Announced and New Stock Repurchase Authorization Approved

Aug 12, 2014 5:50 PM




ATLANTA,  GEORGIA, August  12, 2014 - HAVERTYS  (NYSE: HVT  and HVT.A) announced
today  that its board of  directors authorized a special  cash dividend of $1.00
per  share on the common stock and $0.95 per share on the Class A common stock.
The  board also  approved a  quarterly cash  dividend of  $0.08 per share on the
common stock and $0.075 per share on the Class A common stock.  The special cash
dividend  and regular quarterly dividend will  be paid together on September 10,
2014 to stockholders of record at the close of business on August 25, 2014.

The  board  also  approved  a  new  stock repurchase program that authorizes the
company  to purchase up  to $10 million  of its common  stock and Class A common
stock.   The company has a remaining authorization to buy approximately 275,000
shares  under a previously approved program.   Shares may be repurchased, at the
company's  discretion,  from  time-to-time  in  the  open market or in privately
negotiated transactions.

"The  decision of our board of directors to pay a special dividend represents an
efficient  and immediate return to  our stockholders," Clarence Smith, chairman,
president  and CEO, said.   "The additional authorization  for stock repurchases
enables  the company to  reduce dilution and  combined with the special dividend
achieve  a  more  efficient  capital  structure.  These actions also demonstrate
confidence  in our ability to generate sufficient cash to execute our strategies
for growing our business and expanding stockholder value."

Havertys  (NYSE: HVT  and HVT.A),  established in  1885, is a  full-service home
furnishings  retailer  with  118 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.   Havertys has paid a cash
dividend  in each year  since 1935.  Additional information  is available on the
company's website at www.havertys.com.


Contact:
Haverty Furniture Companies, Inc., 404-443-2900
Jenny Hill Parker
SVP, Finance, Secretary and Treasurer



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Source: Haverty Furniture Company via GlobeNewswire
[HUG#1848432]