As per La-Z-Boy Incorporated (NYSE:LZB)’s news release on 2016-08-24, its shareholders will get cash dividend of $0.1 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-02 and 2016-09-09, respectively.
The stock will commence trading ex-dividend from 2016-08-31, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year La-Z-Boy Incorporated (NYSE:LZB) disbursed $0.1 in dividend compared to distribution of $0.1, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 28.5714%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated La-Z-Boy Incorporated (NYSE:LZB) to attain a price target of $30.666. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $31. The low price range is set at $30 for next year while the arithmetic mean is seen at 1.4.
Eyeing Earnings La-Z-Boy Incorporated (NYSE:LZB) is likely to post quarterly numbers around 2016-11-15 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.45 for the period ending on 2016-10-31.
In last quarter ended 2016-04-30, La-Z-Boy Incorporated (NYSE:LZB) earnings came at $0.28 suggesting a deviation of $-0.01. The brokerages targeted EPS of $0.29 for the quarter.
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