Friday, Sep 30, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Retail

La-Z-Boy reinstates dividend, posts $6.6M profit

MONROE — Furniture maker La-Z-Boy Inc. has reinstated quarterly cash dividends, suspended in February, 2009. The board of directors announced Wednesday that a dividend of 4 cents a share, the amount previously paid, will be payable Dec. 20 to shareholders of record Dec. 10.

Also Wednesday, the company reported that second-quarter profits were $6.6 million, or 12 cents a share, compared with $7.9 million, or 15 cents a share, for the year-ago period.

Sales for the quarter, which ended Oct. 27, were $322.3 million, up 4.8 percent from the second quarter a year ago.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…