Lakeland Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
Lakeland Financial (NASDAQ:LKFN) has announced a quarterly dividend of 46 cents per share, payable on August 07, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by the end of Friday's session are eligible for the dividend.
July 19, 2023 | 2:45 pm
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NEGATIVE IMPACT
Lakeland Financial's announcement of a 46 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why the score is -1. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance. The importance is set at 70 as dividends are a significant part of a company's appeal to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100