La-Z-Boy's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
La-Z-Boy (NYSE:LZB) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Monday. Shareholders owning LZB stock by the end of Friday are eligible for the dividend, to be paid on March 15, 2024. The stock is expected to open 20 cents lower on Monday due to the dividend payout.
February 28, 2024 | 2:45 pm
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La-Z-Boy announces a quarterly dividend of 20 cents per share, with an ex-dividend date on Monday. The stock is expected to open lower by the dividend amount.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, LZB is expected to open 20 cents lower on Monday, directly impacting short-term stock performance.
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