Lakeland Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
Lakeland Financial (NASDAQ:LKFN) announced a quarterly dividend of 48 cents per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 48 cents lower to reflect the payout. Shareholders owning the stock by the end of Tuesday will receive the dividend on February 05, 2024.
January 19, 2024 | 2:45 pm
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Lakeland Financial will pay a 48 cents quarterly dividend per share, with shares going ex-dividend on Wednesday and expected to open lower by the dividend amount.
The stock price of LKFN is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend, which is a common occurrence as the value of the dividend is no longer included in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100