LSI Industries: Dividend Insights
Portfolio Pulse from Benzinga Insights
LSI Industries (NASDAQ:LYTS) announced it will pay a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 5 cents lower. Shareholders owning LYTS as of the end of Thursday's session will be eligible for the dividend, which will be paid out on September 05, 2023.
August 22, 2023 | 2:45 pm
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LSI Industries will pay a quarterly dividend of 5 cents per share. The stock will likely open 5 cents lower on the ex-dividend date, which is Friday.
The announcement of a dividend payout typically leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by about the amount of the dividend, as the company's assets have effectively decreased by the total amount of the dividend payout. In this case, LSI Industries' stock is expected to open 5 cents lower on the ex-dividend date.
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