Luby’s, Inc. (NYSE:LUB) Plans $0.20 Dividend

Luby’s, Inc. (NYSE:LUBGet Rating) declared a dividend on Thursday, May 5th, Fidelity reports. Shareholders of record on Tuesday, May 17th will be paid a dividend of 0.20 per share by the restaurant operator on Tuesday, May 24th. The ex-dividend date of this dividend is Monday, May 16th.

Shares of LUB opened at $1.95 on Friday. Luby’s has a 12-month low of $1.92 and a 12-month high of $5.13. The business has a 50-day simple moving average of $2.28 and a two-hundred day simple moving average of $2.68.

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of Luby’s in the third quarter valued at about $59,000. Ancora Advisors LLC increased its stake in shares of Luby’s by 185.7% in the first quarter. Ancora Advisors LLC now owns 20,000 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 13,000 shares during the period. Morgan Stanley increased its stake in shares of Luby’s by 119.1% in the third quarter. Morgan Stanley now owns 16,608 shares of the restaurant operator’s stock valued at $69,000 after buying an additional 9,029 shares during the period. UBS Group AG increased its stake in shares of Luby’s by 4,836.0% in the third quarter. UBS Group AG now owns 22,755 shares of the restaurant operator’s stock valued at $95,000 after buying an additional 22,294 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Luby’s by 12.5% in the third quarter. Geode Capital Management LLC now owns 92,147 shares of the restaurant operator’s stock valued at $385,000 after buying an additional 10,225 shares during the period. 41.89% of the stock is owned by institutional investors and hedge funds.

About Luby’s (Get Rating)

Luby's, Inc is in the process of liquidation of its remaining assets. Previously, it provided restaurant services in the United States. As of November 19, 2021, the company operated 18 casual dining restaurants; and owned 24 properties. It also operated four Fuddruckers locations; and 14 Luby's cafeterias.

Featured Stories

Receive News & Ratings for Luby's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luby's and related companies with MarketBeat.com's FREE daily email newsletter.