Monday Is Your Last Chance To Buy Lam Research Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Lam Research (NASDAQ:LRCX) has announced a quarterly dividend of $2.0 per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday and is expected to open $2.0 lower to reflect the payout. The dividend is scheduled to be paid on January 03, 2024.
December 07, 2023 | 2:45 pm
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Lam Research is set to pay a $2.0/share dividend, with shares likely to open $2.0 lower on the ex-dividend date. Investors must own the stock by the end of Monday to be eligible for the dividend.
The stock price is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payout is factored into the stock price. This anticipated drop is typically short-term and reflects the payout rather than a change in the company's fundamentals.
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