SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                             Current Report Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                  July 27, 1998
               (Date of Report (Date of Earliest Event Reported))

                              LA-Z-BOY INCORPORATED
             (Exact Name of Registrant as Specified in Its Charter)

                                    Michigan
                 (State or Other Jurisdiction of Incorporation)

                                 1-9656
                            (Commission File Number)

                               38-0751137
                  (I.R.S. Employer Identification No.)

                             1284 N. Telegraph Road
                             Monroe, Michigan 48162
          (Address of Principal Executive Offices, Including Zip Code)

                             (734) 242-1444
          (Registrant's Telephone Number, Including Area Code)

                                [not applicable]
       (Former Name or Former Address If Changed Since Last Report



Item 5.  Other Events

NEWS RELEASE
(Dividend Announcement)

     July 27, 1998, the Board of Directors of La-Z-Boy  Incorporated  of Monroe,
Michigan  declared  a  quarterly  cash  dividend  of $.24 per  common  Share for
stockholders  of record August 21, 1998,  payable  September 10, 1998. This is a
14% increase over the previous dividend paid.

     The Board of  Directors  also  declared a  three-for-one  stock split to be
effected as a 200% stock dividend, to holders of record at the close of business
on August 21, 1998. Distribution will be made on September 14, 1998, whereby two
additional shares will be issued for each share held.

                                        


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                           LA-Z-BOY INCORPORATED


Date:  July 27, 1998                          Gene M. Hardy
                                            Secretary and Treasurer
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SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                             Current Report Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                  July 27, 1998
               (Date of Report (Date of Earliest Event Reported))

                              LA-Z-BOY INCORPORATED
             (Exact Name of Registrant as Specified in Its Charter)

                                    Michigan
                 (State or Other Jurisdiction of Incorporation)

                                 1-9656
                            (Commission File Number)

                               38-0751137
                  (I.R.S. Employer Identification No.)

                             1284 N. Telegraph Road
                             Monroe, Michigan 48162
          (Address of Principal Executive Offices, Including Zip Code)

                             (734) 242-1444
          (Registrant's Telephone Number, Including Area Code)

                                [not applicable]
       (Former Name or Former Address If Changed Since Last Report

Item 5.  Other Events

NEWS RELEASE
(Dividend Announcement)

     July 27, 1998, the Board of Directors of La-Z-Boy  Incorporated  of Monroe,
Michigan  declared  a  quarterly  cash  dividend  of $.24 per  common  Share for
stockholders  of record August 21, 1998,  payable  September 10, 1998. This is a
14% increase over the previous dividend paid.

     The Board of  Directors  also  declared a  three-for-one  stock split to be
effected as a 200% stock dividend, to holders of record at the close of business
on August 21, 1998. Distribution will be made on September 14, 1998, whereby two
additional shares will be issued for each share held.

                                        

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                           LA-Z-BOY INCORPORATED

Date:  July 27, 1998                          Gene M. Hardy
                                            Secretary and Treasurer