Leather furniture retailer La-Z-Boy Incorporated announced that its Directors declared a quarterly cash dividend on the company's common stock of $0.11 per share. The dividend is payable March 10, 2006 to shareholders of record as of February 24, 2006.
With annual sales of $2 billion, La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home, as well as for the hospitality, health care and assisted-living industries.
The La-Z-Boy Upholstery Group companies are Bauhaus, Centurion, Clayton Marcus, to England, La-Z-Boy, and Sam Moore. The La-Z-Boy Casegoods Group companies are American Drew, American of Martinsville, Hammary, Kincaid, Lea and Pennsylvania House.
The corporation's vast proprietary distribution network is dedicated exclusively to selling La-Z-Boy Incorporated products and brands, and includes 336 stand-alone La-Z-Boy Furniture Galleries stores and 338 La-Z-Boy In-Store Gallerys, in addition to in-store gallery programs at the company's Kincaid, Pennsylvania House, Clayton Marcus, England and Lea operating units.