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| Ex-Dividend Reminder: Lakeland Bancorp, Lazard and Federated HermesBy Dividend Channel Staff, Wednesday, May 3, 11:08 AM ET
On 5/5/23, Lakeland Bancorp, Inc. (NASDAQ:LBAI), Lazard (NYSE:LAZ), and Federated Hermes Inc (NYSE:FHI) will all trade ex-dividend for their respective upcoming dividends. Lakeland Bancorp, Inc. will pay its quarterly dividend of $0.145 on 5/17/23, Lazard will pay its quarterly dividend of $0.50 on 5/19/23, and Federated Hermes Inc will pay its quarterly dividend of $0.28 on 5/15/23. As a percentage of LBAI's recent stock price of $12.91, this dividend works out to approximately 1.12%, so look for shares of Lakeland Bancorp, Inc. to trade 1.12% lower — all else being equal — when LBAI shares open for trading on 5/5/23. Similarly, investors should look for LAZ to open 1.67% lower in price and for FHI to open 0.68% lower, all else being equal. Below are dividend history charts for LBAI, LAZ, and FHI, showing historical dividends prior to the most recent ones declared. Lakeland Bancorp, Inc. (NASDAQ:LBAI): Lazard (NYSE:LAZ): Federated Hermes Inc (NYSE:FHI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.49% for Lakeland Bancorp, Inc., 6.66% for Lazard, and 2.73% for Federated Hermes Inc. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Lakeland Bancorp, Inc. shares are currently up about 0.8%, Lazard shares are down about 0.7%, and Federated Hermes Inc shares are up about 0.1% on the day.
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