La-Z-Boy Incorporated (LZB) To Go Ex-Dividend on September 3rd

La-Z-Boy Incorporated (NYSE:LZB) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.242 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd.

La-Z-Boy has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 4 years. La-Z-Boy has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect La-Z-Boy to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.1%.

La-Z-Boy Stock Down 16.8%

Shares of LZB stock opened at $33.98 on Thursday. The business has a fifty day simple moving average of $39.93 and a 200 day simple moving average of $36.89. The company has a market cap of $1.36 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.25 and a beta of 1.27. La-Z-Boy has a twelve month low of $29.03 and a twelve month high of $44.90.

La-Z-Boy (NYSE:LZB) last released its earnings results on Tuesday, August 18th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $475.69 million during the quarter, compared to the consensus estimate of $501.44 million. La-Z-Boy had a net margin of 3.86% and a return on equity of 11.70%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, equities research analysts anticipate that La-Z-Boy will post 2.98 earnings per share for the current fiscal year.

More La-Z-Boy News

Here are the key news stories impacting La-Z-Boy this week:

• Positive Sentiment: Retail operations showed momentum: written sales increased 16%, written same-store sales rose 3%, and delivered retail sales grew 10%. Retail operating margins also improved year over year. La-Z-Boy First-Quarter Results
• Positive Sentiment: La-Z-Boy returned approximately $35 million to shareholders through share repurchases and dividends, while maintaining $267.3 million in cash and no external debt. The company also declared a quarterly dividend of $0.242 per share, representing an indicated yield of about 2.4%.
• Neutral Sentiment: The company is expanding its retail footprint by adding company-owned stores, acquiring additional independent La-Z-Boy locations, and consolidating manufacturing into its U.S. network. These moves could support long-term efficiency but may involve near-term execution costs.
• Negative Sentiment: Fiscal first-quarter revenue fell 3% year over year to $475.7 million, missing the approximately $501 million analyst forecast. Adjusted EPS was $0.43, below the $0.48–$0.49 consensus and down from $0.47 a year earlier. On a GAAP basis, La-Z-Boy reported a $2.3 million net loss, or $0.06 per diluted share. La-Z-Boy Swings to Loss
• Negative Sentiment: Wholesale sales declined 9%, offsetting the stronger retail performance and contributing to the consolidated sales decline following the divestiture of the wholesale casegoods business.
• Negative Sentiment: Management forecast fiscal second-quarter revenue of $500 million to $520 million, below the roughly $537 million consensus estimate. Investors and analysts viewed the weaker outlook, declining demand, and first-quarter earnings miss as reasons to remain cautious; one published analysis rated the shares “Hold.” La-Z-Boy Q1 Analysis

La-Z-Boy Company Profile

La-Z-Boy Incorporated (NYSE: LZB) is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.

Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.