La-Z-Boy Incorporated
LZBConsumer Cyclical · Stock · quarterly payer
Forward Yield
3.24%
Annual Dividend
$0.97
Payout Ratio
48%
5-Yr Growth
14.1%
Ex-Date
Sep 3, 2026
Frequency
Quarterly
Summary
As of September 2026, La-Z-Boy Incorporated (LZB) yields 3.24% ($0.97 per share annually), with a blended fair-value estimate of $41.02 — +37% upside, so it screens as undervalued. Dividend safety grade: A (83/100). 5 years of dividend growth.
Is LZB a good dividend stock?
YesLa-Z-Boy Incorporated (LZB) pays a quarterly dividend yielding 3.24% ($0.97/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (48%)
- Strong 14.1% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2008
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.24%
- Payout Ratio
- 48%
- Annual Dividend
- $0.97
- 5-Yr Avg Growth
- 14.1%
- Ex-Dividend Date
- Sep 3, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 1.25
- Market Cap
- $1.2B
- P/E Ratio
- 15.1
- 5-Yr Total Return
- -10%
- 52-Week Range
- $29.03 – $44.90
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (2008)
Frequently Asked Questions
LZB Price — Last 12 Months
Daily close
Price Return
1 Year
-6%
3 Years
+2%
5 Years
-10%
52-Week Range
$29.03 – $44.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LZB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for La-Z-Boy Incorporated is $41.02 per share, versus a market price of $29.84. That implies 37% of upside — a margin of safety of about 27%.
Fair Value
$41.02
Current Price
$29.84
Upside
+37%
Margin of Safety
27%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 2.4% annual free-cash-flow growth. We model 11.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.5% discount rate (CAPM), 11.8% stage-1 growth, 2.5% terminal growth, $1.97 EPS, $0.97 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LZB Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 3, 2026 | — | $0.2420 | regular |
| Jun 2, 2026 | — | $0.2420 | regular |
| Mar 3, 2026 | — | $0.2420 | regular |
| Dec 4, 2025 | — | $0.2420 | regular |
| Sep 4, 2025 | — | $0.2200 | regular |
| Jun 3, 2025 | — | $0.2200 | regular |
| Mar 4, 2025 | — | $0.2200 | regular |
| Dec 5, 2024 | — | $0.2200 | regular |
| Sep 5, 2024 | — | $0.2000 | regular |
| Jun 4, 2024 | — | $0.2000 | regular |
| Mar 4, 2024 | — | $0.2000 | regular |
| Dec 8, 2023 | — | $0.2000 | regular |
| Sep 5, 2023 | — | $0.1820 | regular |
| Jun 1, 2023 | — | $0.1820 | regular |
Income Calculator
At $0.97 / yr per share
