La-Z-Boy's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
La-Z-Boy (NYSE:LZB) has announced a quarterly dividend of 18.15 cents per share, which will be paid out to shareholders on September 15, 2023. The ex-dividend date is Tuesday, meaning the stock will likely open 18.15 cents lower to reflect the payout. Shareholders who own LZB as of the end of Monday's session are eligible to receive the dividend.
August 31, 2023 | 2:45 pm
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La-Z-Boy's stock price is expected to open lower on Tuesday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially leading to a price increase in the long term.
The ex-dividend date typically leads to a temporary decrease in a company's stock price, as the price adjusts to reflect the upcoming dividend payout. However, dividends can also attract more investors, which could potentially lead to a price increase in the long term.
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