Krispy Kreme's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Krispy Kreme (NASDAQ:DNUT) has announced that it will pay a quarterly dividend of 3.5 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 3.5 cents lower to reflect the payout. Shareholders who own DNUT as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 09, 2023.
July 20, 2023 | 2:45 pm
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Krispy Kreme's stock is expected to open lower on Tuesday due to the ex-dividend date. The company will pay a 3.5 cents per share dividend to eligible shareholders on August 09, 2023.
The ex-dividend date is the cutoff day to buy a stock and still receive its recently declared dividend. On this date, the stock price is adjusted downward by the amount of the dividend by the market. Therefore, DNUT's stock is expected to open lower on Tuesday. However, this is a temporary effect and the stock price typically recovers over time.
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