How will the Legal & General share price react to this week’s dividend?
All things being equal, the Legal & General (LSE:LGEN) share price should fall tomorrow (24 April) by the value of its final dividend (15.36p). That’s because it goes ex-dividend. This the day on which buyers of the stock are no longer entitled to receive the payout when it’s sent on 5 June. Instead, it will be credited to the seller’s bank account.
But I’ve looked back over the past five years, to see if there are any clues at to how quickly the share price might recover to the level it was at before going ex-dividend. And as the table below shows, it’s a very mixed picture.
