La-Z-Boy Incorporated's Recent Dividend Declaration Explained
La-Z-Boy Incorporated Declares Quarterly Dividend
In a recent announcement, La-Z-Boy Incorporated (NYSE: LZB), a well-known leader in the furniture industry, has declared a quarterly cash dividend of $0.22 per share. This decision highlights the company's ongoing commitment to delivering value to its dedicated shareholders.
Details of the Dividend Declaration
The dividend will be payable on a specified date to those shareholders who are on record prior to that date. Such initiatives reflect La-Z-Boy's focus on rewarding its investors and sustaining a strong financial foundation. By offering a dependable dividend, La-Z-Boy showcases its strong performance and profitability to stakeholders within the market.
Company Overview
La-Z-Boy Incorporated is not just known for its iconic recliner chairs but has evolved into a global player in the manufacture and retail of residential furniture. Established in 1927, this company has continuously upheld its mission to improve comfort in people's lives by providing quality products.
Business Segments
The company operates through distinct segments, including both retail and wholesale channels. In retail, it has close to 210 company-owned La-Z-Boy Furniture Galleries that cater to consumers directly. Alongside these, an expansive network across the United States amplifies the availability of their products via La-Z-Boy.com.
Furthermore, through its innovative brand Joybird, La-Z-Boy reaches modern consumers with 14 stores dedicated to contemporary upholstered furniture, demonstrating its diverse portfolio aimed at satisfying various design preferences.
Commitment to Quality
The company’s commitment to quality does not stop at retail offerings. La-Z-Boy's wholesale segment adds value through its manufacturing capabilities, creating customized furniture for a host of retailers. Brands like England Furniture, Kincaid, American Drew, and Hammary exemplify La-Z-Boy's extensive reach in the furniture market and commitment to offering a wide array of choices for every taste and style.
Future Directions and Innovations
Looking ahead, La-Z-Boy is focused on exploring new avenues for growth. With shifting consumer preferences for sustainable and ergonomic designs, the company is innovating its product offerings to meet these demands. With a notable presence in the market and consistent innovation, La-Z-Boy aims to solidify its position further and continue leading in customer satisfaction.
Investor Relations and Contact Information
For those interested in further understanding La-Z-Boy's financial health and investment potential, the Investor Relations team is available for inquiries. Direct contact can be made with Mark Becks, CFA, at (734) 457-9538. The company's dedication to transparency and communication with shareholders and potential investors is commendable.
For further information about La-Z-Boy and its services, you can visit their official corporate site.
Frequently Asked Questions
What is the declared dividend per share for La-Z-Boy?
La-Z-Boy Incorporated has declared a quarterly dividend of $0.22 per share for its common stock.
When will the dividend be paid?
The dividend is anticipated to be paid on a specific date to shareholders on record prior to its distribution.
What does La-Z-Boy do?
La-Z-Boy is a leading manufacturer and retailer of residential furniture, known for its recliners and wide array of home furniture products.
How many retail locations does La-Z-Boy operate?
La-Z-Boy operates nearly 210 company-owned La-Z-Boy Furniture Galleries across the United States.
Who can I contact for investor relations at La-Z-Boy?
Mark Becks, CFA, can be reached at (734) 457-9538 for inquiries regarding investor relations.
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