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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100