Lindsay Corporation Lowers Cash Dividend By 3% To $0.36 Per Share; Dividend Is Payable August 30, 2024
Portfolio Pulse from Benzinga Newsdesk
Lindsay Corporation has announced a 3% reduction in its cash dividend, lowering it to $0.36 per share. The dividend is payable on August 30, 2024.
June 28, 2024 | 10:49 am
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Lindsay Corporation has reduced its cash dividend by 3% to $0.36 per share, which may indicate a more conservative cash management approach or potential financial challenges.
A reduction in dividends can be perceived negatively by investors as it may signal financial caution or challenges. This could lead to a short-term decline in the stock price as dividend-focused investors may react unfavorably.
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