La-Z-Boy Incorporated Declares Quarterly Dividend

Rhea-AI Summary

La-Z-Boy has announced a quarterly cash dividend of $0.22 per share, payable on June 16, 2025, to shareholders of record as of June 3, 2025. The company, which pioneered the iconic recliner in 1927, operates as a vertically integrated furniture retailer and manufacturer.

The company's retail presence includes nearly 200 company-owned La-Z-Boy Furniture Galleries stores, part of a broader network of over 360 galleries nationwide, complemented by La-Z-Boy.com. Their e-commerce division, Joybird, specializes in modern upholstered furniture and maintains 12 U.S. stores.

In the wholesale segment, La-Z-Boy manufactures custom furniture for various retail channels, including their Furniture Galleries. The company's portfolio includes notable brands such as England Furniture Co., Kincaid, American Drew, and Hammary, offering both upholstered and casegoods furniture.

Positive

• Maintains consistent quarterly dividend of $0.22 per share, indicating financial stability
• Operates vertically integrated business model with both retail and manufacturing segments
• Strong retail presence with 200 company-owned stores and network of 360+ galleries
• Diversified portfolio including e-commerce (Joybird) and multiple furniture brands

Negative

• None.

MONROE, Mich., April 30, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today declared a quarterly cash dividend on the company’s common stock of $0.22 per share. The dividend will be paid on June 16, 2025 to shareholders of record as of June 3, 2025.

Investor Relations Contact:
Mark Becks, CFA, (734) 457-9538
mark.becks@la-z-boy.com

About La-Z-Boy:
La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture retailer and manufacturer, committed to uncompromising quality and compassion for its consumers.

The Retail segment consists of nearly 200 company-owned La-Z-Boy Furniture Galleries^® stores and is part of a broader network of over 360 La-Z-Boy Furniture Galleries^® that, with La-Z-Boy.com, serve customers nationwide. Joybird^®, an e-commerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. In the Wholesale segment, La-Z-Boy manufactures comfortable, custom furniture for its Furniture Galleries^® and a variety of retail channels, England Furniture Co. offers custom upholstered furniture, and casegoods brands Kincaid^®, American Drew^®, and Hammary^® provide pieces that make every room feel like home. To learn more, please visit: https://www.la-z-boy.com/.

FAQ

What is La-Z-Boy's (LZB) dividend payment date and amount for June 2025?

La-Z-Boy will pay a quarterly cash dividend of $0.22 per share on June 16, 2025, to shareholders of record as of June 3, 2025.

How many La-Z-Boy Furniture Galleries stores are there in 2025?

There are nearly 200 company-owned La-Z-Boy Furniture Galleries stores, part of a broader network of over 360 La-Z-Boy Furniture Galleries stores nationwide.

What brands does La-Z-Boy (LZB) own in 2025?

La-Z-Boy owns multiple furniture brands including Joybird, England Furniture Co., Kincaid, American Drew, and Hammary, offering various styles from modern upholstered furniture to traditional casegoods.

How many Joybird stores does La-Z-Boy operate in 2025?

La-Z-Boy operates 12 Joybird stores in the United States, which is their e-commerce retailer and manufacturer of modern upholstered furniture.

When was the La-Z-Boy recliner invented?

La-Z-Boy's founders invented their iconic recliner in 1927, which marked the beginning of the company's mission to bring comfort to people's homes.