|Bid||180.25 x 1300|
|Ask||180.62 x 1200|
|Day's Range||175.54 - 180.86|
|52 Week Range||114.55 - 188.25|
|Beta (5Y Monthly)||0.20|
|PE Ratio (TTM)||37.04|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||3.00 (1.71%)|
|Ex-Dividend Date||Mar 08, 2021|
|1y Target Est||209.00|
On February 24, 2021, Lancaster Colony (NASDAQ:LANC) announced shareholders can expect to receive a dividend payable on March 31, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Lancaster Colony has an ex-dividend date planned for March 8, 2021. The company's current dividend payout sits at $0.75. That equates to a dividend yield of 1.69% at current price levels. The Significance Of Ex-Dividend Dates Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis. Understanding Lancaster Colony's Dividend History Over the past year, Lancaster Colony has seen its dividend payouts climb upward and its yields trend downward. Last year on March 5, 2020 the company's payout sat at $0.7, which has since increased by $0.05. Lancaster Colony's dividend yield last year was 1.82%, which has since decreased by 0.13%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. To read more about Lancaster Colony click here. See more from BenzingaClick here for options trades from BenzingaUnderstanding Penns Woods Bancorp's Ex-Dividend DateAnalyzing Live Oak Bancshares's Ex-Dividend Date© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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