LXP Increases Quarterly Common Share/Unit Dividend/Distribution By 4% To $0.13 From $0.125
Portfolio Pulse from Benzinga Newsdesk
LXP has announced a 4% increase in its quarterly common share/unit dividend/distribution, raising it from $0.125 to $0.13.
October 31, 2023 | 10:05 am
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LXP has increased its quarterly common share/unit dividend/distribution by 4%, which may attract income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could potentially attract more investors, particularly those focused on income, which may drive the stock price up in the short term.
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