The Blade/Andy Morrison
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.