While recently investigating the furniture industry, I came across Haverty Furniture Companies (NYSE:HVT), a small-cap furniture brand. At first glance, I wasn't too impressed, but as I did more research I noticed two things: 1. It had a nice niche in the market that I found appealing and 2. The company has been going through a multi-year strategic plan that seems to be paying off. The company also recently doubled its dividend to $.08/quarter (1.25% yield), which signals that management has become more confident in the business. Throw that on top of this an industry on rise and (my favorite) a small amount of analyst coverage on the name, and you have a stock worth looking at. Here...
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