KNOT Offshore Partners: Dividend Insights
Portfolio Pulse from Benzinga Insights
KNOT Offshore Partners (NYSE:KNOP) has announced a quarterly dividend of 2.6 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders who own KNOP as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 10, 2023.
July 21, 2023 | 2:45 pm
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KNOT Offshore Partners' stock is expected to trade lower on Wednesday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock.
The announcement of a dividend payout often attracts investors who are interested in receiving regular income from their investments. However, the stock price typically drops on the ex-dividend date to reflect the payout, which could lead to short-term selling pressure. The net impact on the stock price is uncertain.
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