MONROE, Mich., Feb. 05, 2024 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, announced its investment and ongoing support of key industry furniture markets. La-Z-Boy Incorporated is formally extending the lease for its portfolio of showrooms at High Point Market in Furniture Plaza, High Point, NC and Las Vegas Market, B555 at World Market Center Las Vegas, NV. La-Z-Boy is also committing to major renovations of its showrooms in High Point, including showrooms for the La-Z-Boy brand, La-Z-Boy International, and England Furniture. These investments will allow La-Z-Boy Incorporated to better serve its customers, partners, and all stakeholders.

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Donna Brattin is celebrating her 50th year working at La-Z-Boy in Neosho.

On Jan. 10, La-Z-Boy hosted a lunch for Brattin to honor her years with the company.

“She is the first employee to reach 50 years of service,” said Angela James, human resources manager for La-Z-Boy.

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La-Z-Boy Inc (NYSE:LZB) recently announced a dividend of $0.2 per share, payable on 2023-12-18, with the ex-dividend date set for 2023-12-08. As investors look forward to this upcoming payment, the spotlight also shines on the company’s dividend history, yield, and growth rates. Using the data from GuruFocus, let’s look into La-Z-Boy Inc’s dividend performance and assess its sustainability.

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MONROE, Mich. – Although La-Z-Boy’s sales fell 16% in in the second quarter, they landed on the high end of guidance, spurring the company to up its dividend 10%.

Sales for the quarter ended Oct. 28 totaled $511 million. They were up against a 6% increase in the year-ago quarter, which benefited from delivery of pandemic-related backlog orders. That year-ago comparison rippled across this year’s Q2 results.

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