Thursday Is Your Last Chance To Buy Lakeland Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Lakeland Bancorp (NASDAQ:LBAI) announced a quarterly dividend of 14.5 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, meaning it will open 14.5 cents lower to reflect the payout. Shareholders owning the stock by the end of Thursday will receive the dividend on February 15, 2024.
January 30, 2024 | 2:45 pm
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Lakeland Bancorp is set to pay a quarterly dividend of 14.5 cents per share, with shares going ex-dividend on Friday. The stock price is expected to open lower by the dividend amount.
The stock price is likely to drop in the short term by the amount of the dividend as it goes ex-dividend, which is a common occurrence. This is a predictable short-term impact due to the mechanics of dividend payments and does not necessarily reflect the company's long-term value.
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