La-Z-Boy Incorporated (NYSE:LZB) to Issue $0.24 Quarterly Dividend

Posted by Patrick Bannon on Feb 18th, 2026

La-Z-Boy Incorporated (NYSE:LZB – Get Free Report) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Tuesday, March 3rd will be paid a dividend of 0.242 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, March 3rd.

La-Z-Boy has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. La-Z-Boy has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. 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 $0.96 annual dividend with an expected future payout ratio of 28.7%.

La-Z-Boy Trading Down 5.9%

NYSE LZB traded down $2.25 on Wednesday, hitting $35.68. 169,161 shares of the company’s stock traded hands, compared to its average volume of 384,679. The firm has a market capitalization of $1.47 billion, a PE ratio of 16.37 and a beta of 1.27. La-Z-Boy has a 1-year low of $29.03 and a 1-year high of $48.13. The firm’s 50-day moving average price is $38.29 and its two-hundred day moving average price is $36.06.

La-Z-Boy (NYSE:LZB – Get Free Report) last posted its earnings results on Tuesday, February 17th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $541.59 million during the quarter, compared to the consensus estimate of $535.47 million. La-Z-Boy had a net margin of 4.29% and a return on equity of 11.19%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. On average, research analysts anticipate that La-Z-Boy will post 2.99 earnings per share for the current fiscal year.

About La-Z-Boy

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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.