LSI Industries Declared Regular Cash Dividend of $0.05 Per Share For Q4, Payable On September 5, 2023
Portfolio Pulse from Benzinga Newsdesk
LSI Industries Inc. (NASDAQ:LYTS) has declared a regular cash dividend of $0.05 per share for Q4, payable on September 5, 2023. The dividend will be paid to shareholders of record on August 28, 2023. The indicated annual cash dividend rate is $0.20 per share.
August 17, 2023 | 11:06 am
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LSI Industries' declaration of a regular cash dividend of $0.05 per share for Q4 could potentially attract income-focused investors, possibly leading to a short-term increase in the stock price.
Dividends are a way for companies to distribute profits back to shareholders, and they can make a stock more attractive to income-focused investors. The announcement of a regular cash dividend could therefore lead to increased demand for LSI Industries' stock, potentially driving up the price in the short term.
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