Kraft Heinz: Dividend Insights
Portfolio Pulse from Benzinga Insights
Kraft Heinz (NASDAQ:KHC) announced a quarterly dividend of 40 cents per share, with the ex-dividend date set for Monday. Shareholders owning KHC stock by the end of Friday's session will be eligible for the dividend payout, which will be distributed on June 30, 2023.
May 31, 2023 | 2:49 pm
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Kraft Heinz's stock will likely open 40 cents lower on Monday due to the ex-dividend date. Shareholders owning the stock by Friday's end will receive the 40 cents per share dividend on June 30, 2023.
The announcement of the dividend payout and ex-dividend date will not have a significant impact on the stock price in the short term, aside from the expected 40 cents drop on Monday. However, it is important for investors who want to receive the dividend to own the stock by the end of Friday's session. The dividend payout will be distributed on June 30, 2023, which is a long-term event and not relevant for short-term price movements.
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