Kaiser Aluminum's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kaiser Aluminum (NASDAQ:KALU) has announced a quarterly dividend of 77 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 77 cents lower to reflect the payout. Shareholders who own KALU as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 15, 2023.
July 19, 2023 | 2:45 pm
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Kaiser Aluminum's stock price is expected to open lower on Monday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The ex-dividend date often leads to a temporary drop in the stock price as it adjusts to reflect the payout. However, the announcement of a dividend can also attract new investors, which could offset the initial drop.
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