SoFi CEO enters prepaid forward contract on 1.5 million shares
MONROE, Mich. - La-Z-Boy Incorporated (NYSE:LZB) announced Monday a quarterly cash dividend of $0.22 per share on its common stock, maintaining its 14-year streak of consistent dividend payments with a current yield of 2.4%. The furniture manufacturer and retailer will pay the dividend on September 15, 2025, to shareholders of record as of September 4, 2025. According to InvestingPro data, the company has raised its dividend for four consecutive years, with a 10% growth in the last twelve months.
The dividend declaration comes from the company known for inventing the recliner in 1927. La-Z-Boy currently operates as a vertically integrated furniture retailer and manufacturer with a retail network comprising nearly 210 company-owned La-Z-Boy Furniture Galleries stores and a broader network of approximately 370 galleries nationwide. With a market capitalization of $1.5 billion and strong financial health indicators - including a healthy current ratio of 1.91 and moderate debt levels - InvestingPro analysis suggests the stock is currently trading near its Fair Value.
The company’s retail segment also includes Joybird, an omni-channel retailer of modern upholstered furniture with 14 stores in the United States, including one new location opened in the second quarter of fiscal 2026.
In its wholesale segment, La-Z-Boy manufactures furniture for various retail channels, including its own galleries. The segment also includes England Furniture Co., which offers custom upholstered furniture, and casegoods brands Kincaid, American Drew, and Hammary.
This dividend announcement was made in a company press release issued Monday.
In other recent news, La-Z-Boy Incorporated reported its earnings for the first quarter of fiscal year 2026, which did not meet analyst expectations. The company announced an adjusted earnings per share (EPS) of $0.47, falling short of the anticipated $0.53. This resulted in an EPS surprise of -11.32%. Additionally, La-Z-Boy’s revenue was reported at $492.23 million, slightly below the forecasted $494 million. These developments are part of the company’s recent financial disclosures.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.