Wednesday Is Your Last Chance To Buy LCNB Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
LCNB Corp (NASDAQ:LCNB) has announced a quarterly dividend of 21 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 21 cents lower. Shareholders who own LCNB as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.
August 28, 2023 | 2:45 pm
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LCNB Corp's stock is likely to open lower on the ex-dividend date due to the announced dividend of 21 cents per share. Shareholders as of Wednesday's session end are eligible for the dividend.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. In this case, LCNB's stock is expected to open 21 cents lower on the ex-dividend date. This is directly relevant to shareholders who need to own the stock prior to the ex-dividend date to receive the dividend.
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