La-Z-Boy Incorporated (NYSE:LZB – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $46.54 and last traded at $46.51, with a volume of 230562 shares trading hands. The stock had previously closed at $45.73.
La-Z-Boy Stock Performance
The firm has a fifty day moving average of $44.53 and a 200 day moving average of $42.44. The firm has a market capitalization of $1.96 billion, a PE ratio of 16.34 and a beta of 1.35.
La-Z-Boy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Thursday, December 5th. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.20. La-Z-Boy’s dividend payout ratio (DPR) is 30.45%.
Institutional Investors Weigh In On La-Z-Boy
La-Z-Boy Company Profile
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.
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