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La-Z-Boy Keeps Quarterly Dividend Steady

Investors can sit back and relax as uber-comfy reclining-chair maker La-Z-Boy (NYSE: LZB  ) said Tuesday it will pay a regular quarterly dividend of $0.04 per share on June 10 to the holders of record at the close of business on May 30. 

After slashing its payout to shareholders in 2008 and then suspending the dividend, La-Z-Boy restarted the payment in the fourth quarter of 2012 at a rate of $0.04 per share.

La-Z-Boy is one of the world's leading residential furniture producers and sells its furniture through its Bauhaus, England, and La-Z-Boy divisions. It also sells furniture through  American Drew, Lea, Hammary, and Kincaid. The company-owned retail segment includes 97 of the 316 La-Z-Boy Furniture Galleries stores.

The most recent dividend payment equates to a $0.16-per-share annual dividend yielding 0.9% based on the closing price of La-Z-Boy's stock on April 30.

LZB Dividend Chart

LZB Dividend data by YCharts.


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Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


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5/24/2016 1:47 PM
LZB $25.68 Up +0.85 +3.40%
La-Z-Boy, Inc. CAPS Rating: *