Wednesday Is Your Last Chance To Buy LCNB Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
LCNB Corp (NASDAQ:LCNB) announced a quarterly dividend of 22 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 22 cents lower. The dividend is scheduled to be paid on December 15, 2023.
November 27, 2023 | 2:45 pm
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LCNB Corp announced a quarterly dividend of 22 cents per share. Wednesday is the last day to buy the stock to be eligible for the dividend, with the ex-dividend date on Thursday.
The announcement of a dividend typically has a neutral to positive effect on the stock price in the short term, as it may attract investors looking for income. However, the stock price is expected to drop by the amount of the dividend on the ex-dividend date, which is a standard and anticipated move. Therefore, the short-term impact on the stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100