La-Z-Boy (LZB) will restart its quarterly dividend in the fourth quarter of 2012 with a $0.04 per share payment.

This is the first dividend by the furniture company since 2008, when a 2 cent per share quarterly dividend was suspended following two big dividend cuts in 12 months prior to the dividend suspension.

The first dividend of 4 cents will be paid on December 20, 2012, to shareholders of record as of December 10, 2012. Earlier La-Z-Boy had paid a dividend as high as 12 cents per share quarterly in Q4 of 2007.

La-Z-Boy Incorporated is a residential furniture producer. The La-Z-Boy Upholstery segment companies are England and La-Z-Boy. The Casegoods segment consists of three brands: American Drew, Hammary, and Kincaid. The company-owned Retail segment includes La-Z-Boy Furniture Galleries stores. Joybird is an e-commerce retailer and manufacturer of upholstered furniture. The corporation’s branded distribution network sells La-Z-Boy Incorporated products and brands, and includes stand-alone La-Z-Boy Furniture Galleries stores and independent Comfort Studio locations, in addition to in-store gallery programs for the company’s Kincaid and England operating units. Edward M. Knabusch and Edwin J. Shoemaker started Floral City Furniture in 1927, and in 1928 the newly formed company introduced its first recliner. In 1941, the company was incorporated in the state of Michigan as La-Z-Boy Chair Company, and in 1996 the company changed its name to La-Z-Boy Incorporated.