Harvey Norman Holdings Ltd (ASX: HVN) shares will pay a 20% higher interim dividend this year.

The ASX 200 electronics and home furnishings retailer will pay 12 cents per share, fully franked, to shareholders on 1 May.

If you want to share in the spoils, the window of opportunity is closing.

Harvey Norman shares will go ex-dividend on Wednesday.

This means you need to own the ASX stock by tomorrow's market close to be eligible for the dividend payment.

Harvey Norman shares to pay 20% higher interim dividend

In its 1H FY25 results, Harvey Norman revealed a 6.6% year-over-year increase in revenue to $2.29 billion.

This contributed to a 22.9% lift in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $581 million.

The retailer also reported a 41.2% increase in reported profit before tax (PBT) to $400 million.

Underlying PBT lifted 2.2% to $311 million.

Commenting on the results, Chair Gerry Harvey said:

We have made significant strides in enhancing our digital, online, and in-store experiences, alongside the strategic expansion of our global store network and targeted investments in key segments.

Investors in Harvey Norman shares do not just own a piece of an iconic retailer.

They also own a slice of a significant property portfolio.

Harvey Norman revealed that its total assets are now worth $8.25 billion, including $4.39 billion worth of freehold real estate.

The company said its net assets lifted 4.7% during the half to $4.72 billion.

Net assets have been growing at a five-year compound annual growth rate (CAGR) of 7.5%.

What's next?

Harvey Norman expects the rising use of artificial intelligence to be a tailwind for its electronics division as people upgrade their devices.

Harvey commented:

The continuing innovation and mainstream adoption of Next Gen-AI PCs and devices are expected to drive further sales growth in the Home Appliances, Television, Audio, Mobile & Computer Technology categories through FY 2025 and beyond.

Is this ASX 200 retail stock a buy?

The Harvey Norman share price has fallen 1.2% over the past 12 months but has risen 8.1% in the year to date.

This compares to a 1% lift in the ASX 200 over the past 12 months and a 2.7% decline in the year to date.

The consensus rating among analysts on the CommSec trading platform is a moderate buy.

Of the 14 analysts rating Harvey Norman shares, six say the retailer is a strong buy, and one says it's a moderate buy.

Three say hold, two say the stock is a moderate sell, and two say it's a strong sell.

Goldman Sachs has a sell rating on Harvey Norman with a 12-month share price target of $4.30.

The broker said Harvey Norman's 1H FY25 earnings were stronger than expected.

However, it's concerned about the outlook.

Goldman said:

… we remain of the view that rising competition and a lagging presence in omni-channel as well as an older demographic skew may result in lagging growth in sales vs key industry peers.