Limoneira's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Limoneira (NASDAQ:LMNR) has announced a quarterly dividend of 7.5 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own LMNR as of the end of Friday's session are eligible to receive the dividend, which will be paid out on July 14, 2023.
July 05, 2023 | 2:46 pm
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Limoneira's announcement of a 7.5 cents per share dividend may cause the stock to trade lower on the ex-dividend date, Monday. The dividend will be paid out on July 14, 2023.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, Limoneira's stock is expected to open 7.5 cents lower on Monday. This is a direct impact of the dividend announcement.
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