Lorillard, Inc (LO) Ex-Dividend Date Scheduled for August 28, 2013

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Lorillard, Inc ( LO ) will begin trading ex-dividend on August 28, 2013. A cash dividend payment of $0.55 per share is scheduled to be paid on September 10, 2013. Shareholders who purchased LO stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that LO has paid the same dividend. At the current stock price of $43.51, the dividend yield is 5.06%.

The previous trading day's last sale of LO was $43.51, representing a -7.05% decrease from the 52 week high of $46.81 and a 18.56% increase over the 52 week low of $36.70.

LO is a part of the Consumer Non-Durables sector, which includes companies such as Philip Morris International Inc ( PM ) and British American Tobacco p.l.c. ( BTI ). LO's current earnings per share, an indicator of a company's profitability, is $3.21. Zacks Investment Research reports LO's forecasted earnings growth in 2013 as 11.24%, compared to an industry average of 5.3%.

For more information on the declaration, record and payment dates, visit the LO Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

Interested in gaining exposure to LO through an Exchange Traded Fund [ETF]?
The following ETF(s) have LO as a top-10 holding:

  • iShares Dow Jones Select Dividend Index Fund ( DVY )
  • PowerShares S&P 500 High Dividend Portfolio ( SPHD )
  • WisdomTree Dividend Ex-Financials Fund ( DTN ).

The top-performing ETF of this group is DVY with an increase of 3.93% over the last 100 days. It also has the highest percent weighting of LO at 3.48%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , Stocks
Referenced Symbols: BTI , DTN , DVY , LO , PM , SPHD

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