Thursday Is Your Last Chance To Buy Limoneira Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Limoneira (NASDAQ:LMNR) has announced a quarterly dividend of 7.5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 7.5 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 20, 2023.
October 03, 2023 | 2:45 pm
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Limoneira's stock will likely open lower on Friday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors who want to benefit from the payout, potentially increasing the demand for the stock before the ex-dividend date. However, the stock will likely open lower on the ex-dividend date as it will be adjusted to reflect the dividend payout.
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