La-Z-Boy Incorporated Announces Quarterly Dividend
La-Z-Boy Incorporated (NYSE: LZB), a leading name in the furniture retail and manufacturing industry, has officially declared a quarterly cash dividend of $0.22 per share. This financial move is indicative of the company's ongoing commitment to delivering value to its shareholders and underscores its robust business model.
Details of the Dividend Declaration
The announced dividend is set to be paid on a designated date, reinforcing the company’s reliability and stability in the eyes of its investors. With a record date set for shareholders on a specific day, this decision speaks to La-Z-Boy's financial health and its prioritization of rewarding investor loyalty.
About La-Z-Boy Incorporated
Tracing its roots back to the 1927 creation of the iconic recliner, La-Z-Boy has grown into a globally recognized entity, dedicated to enhancing comfort in homes and communities. The company's growth journey has been characterized by innovation and a firm commitment to quality.
Retail and Wholesale Segments
La-Z-Boy operates nearly 200 company-owned La-Z-Boy Furniture Galleries across the country, alongside a larger network of over 360 locations. This extensive reach, combined with La-Z-Boy.com, ensures that customers nationwide enjoy access to their trusted furniture. Moreover, the Joybird brand, specializing in modern upholstered furniture, further enriches the company's retail presence through its 12 U.S. stores.
Commitment to Quality
In its wholesale segment, La-Z-Boy excels in manufacturing tailored, comfortable furniture for various channels. By partnering with brands such as England Furniture Co. and Kincaid, La-Z-Boy ensures a diverse range of elegant yet functional furniture options. This commitment to ensuring that every piece of furniture feels at home is evident in La-Z-Boy's consistent delivery of high-quality products.
Contact Information
For inquiries, investors can reach out to Mark Becks, CFA at the following contact: (734) 457-9538 or through email at mark.becks@la-z-boy.com.
Frequently Asked Questions
What is the dividend amount declared by La-Z-Boy?
The declared dividend is $0.22 per share.
When will the dividend be paid?
The dividend is set to be paid on June 16 to shareholders of record.
What does La-Z-Boy specialize in?
La-Z-Boy specializes in the retail and manufacture of residential furniture, particularly known for their recliners.
How many La-Z-Boy Furniture Galleries are there?
There are nearly 200 company-owned La-Z-Boy Furniture Galleries and over 360 in total across the country.
Who can investors contact for more information?
Investors can contact Mark Becks, CFA, for inquiries regarding the company.
