La-Z-Boy Incorporated Declares Quarterly Dividend of $0.22 (NYSE:LZB)

Key Points

• La-Z-Boy Incorporated has declared a quarterly dividend of $0.22 per share, which translates to an annualized dividend yield of 2.4%. The payment will be made to stockholders of record on September 4th.
• The company reported $492.23 million in revenue for the last quarter, falling short of expectations, and earnings per share were $0.47, missing estimates by $0.06.
• La-Z-Boy has a payout ratio of 24.5%, indicating that the dividend is well-supported by its earnings, with expected earnings of $3.35 per share for the next year.

La-Z-Boy Incorporated (NYSE:LZB - Get Free Report) announced a quarterly dividend on Monday, August 25th, RTT News reports. Stockholders of record on Thursday, September 4th will be paid a dividend of 0.22 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 4th.

La-Z-Boy has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect La-Z-Boy to earn $3.35 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 26.3%.

La-Z-Boy Price Performance

NYSE LZB traded down $0.00 on Friday, hitting $36.96. 293,861 shares of the stock were exchanged, compared to its average volume of 684,844. The business's fifty day moving average is $37.70 and its 200 day moving average is $39.70. La-Z-Boy has a 52 week low of $31.99 and a 52 week high of $48.31. The company has a market capitalization of $1.52 billion, a PE ratio of 16.88 and a beta of 1.26.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The firm had revenue of $492.23 million for the quarter, compared to the consensus estimate of $502.56 million. During the same period last year, the company posted $0.62 earnings per share. The business's revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. Analysts predict that La-Z-Boy will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LZB. Wall Street Zen lowered shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research downgraded shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $46.00.

About La-Z-Boy

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.