La-Z-Boy Incorporated (NYSE:LZB - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Tuesday, March 4th will be paid a dividend of 0.22 per share on Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, March 4th.
La-Z-Boy has increased its dividend payment by an average of 10.1% per year over the last three years. La-Z-Boy has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance
Shares of LZB stock traded up $0.30 during mid-day trading on Friday, hitting $44.88. The company's stock had a trading volume of 733,327 shares, compared to its average volume of 458,148. La-Z-Boy has a 52-week low of $32.00 and a 52-week high of $48.31. The business has a 50-day moving average price of $44.73 and a 200 day moving average price of $42.80. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 15.42 and a beta of 1.35.
La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. The firm had revenue of $521.78 million during the quarter, compared to analysts' expectations of $516.47 million. Equities research analysts predict that La-Z-Boy will post 2.99 EPS for the current fiscal year.
About La-Z-Boy
(
Get Free Report)
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.
Featured Articles
Before you consider La-Z-Boy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and La-Z-Boy wasn't on the list.
While La-Z-Boy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
