Understanding La-Z-Boy's Ex-Dividend Date

La-Z-Boy LZB declared a dividend payable on March 15, 2021 to its shareholders as of January 28, 2021. It was also announced that shareholders of La-Z-Boy's stock as of March 4, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for La-Z-Boy will be on March 3, 2021. The company's current dividend payout is at $0.15. That equates to a dividend yield of 1.43% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

La-Z-Boy's Dividend Payouts And Yields

Over the past year, La-Z-Boy has seen its dividend payouts climb upward and its yields trend downward. Last year on November 29, 2019 the company's payout sat at $0.14, which has since increased by $0.01. La-Z-Boy's dividend yield last year was 1.53%, which has since decreased by 0.1%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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