Friday Is Your Last Chance To Buy Lazard Glb Total Return Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Lazard Glb Total Return (NYSE:LGI) has announced a monthly dividend of 9.34 cents per share, payable on September 22, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
September 06, 2023 | 2:45 pm
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Lazard Glb Total Return (NYSE:LGI) has announced a monthly dividend of 9.34 cents per share. The stock will likely trade lower on Monday when it goes ex-dividend.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price usually drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, Lazard Glb Total Return has announced a dividend of 9.34 cents per share, so the stock is expected to trade lower on the ex-dividend date.
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