Limoneira: Dividend Insights
Portfolio Pulse from Benzinga Insights
Limoneira (NASDAQ:LMNR) has announced a quarterly dividend of 7.5 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 7.5 cents lower to reflect the payout. The dividend is scheduled to be paid on January 12, 2024.

December 26, 2023 | 2:45 pm
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Limoneira is set to pay a quarterly dividend of 7.5 cents per share, with the stock expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price on the ex-dividend date, reflecting the payout. Investors who purchase the stock before the ex-dividend date are entitled to the dividend, which can lead to a temporary increase in buying interest prior to the date. However, the expected opening price adjustment of 7.5 cents lower on the ex-dividend date is a direct consequence of the dividend payout.
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