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Lorillard, Inc (LO) Ex-Dividend Date Scheduled for May 29, 2013
By: NASDAQ.com News
Lorillard, Inc ( LO ) will begin trading ex-dividend on May 29, 2013. A cash dividend payment of $0.55 per share is scheduled to be paid on June 10, 2013. Shareholders who purchased LO stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -64.52% decrease from the same period a year ago. At the current stock price of $43.88, the dividend yield is 5.01%.
The previous trading day's last sale of LO was $43.88, representing a -6.68% decrease from the 52 week high of $47.02 and a 19.56% 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 $3.1. Zacks Investment Research reports LO's forecasted earnings growth in 2013 as 10.43%, compared to an industry average of 6.3%.
For more information on the declaration, record and payment dates, visit the LO Dividend History page.
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 Dynamic Consumer Staples ( PSL )
- Guggenheim S&P 500 Equal Weight Consumer Staples ETF ( RHS )
- WisdomTree Dividend Ex-Financials Fund ( DTN )
- iShares Russell MidCap Growth Index Fund ( IWP ).
The top-performing ETF of this group is IWP with an increase of 16.91% over the last 100 days. DVY has the highest percent weighting of LO at 3.56%.