Kennametal's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kennametal (NYSE:KMT) has announced a quarterly dividend of 20 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own KMT as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 22, 2023.
August 04, 2023 | 11:30 am
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Kennametal's stock may trade lower on Monday due to the ex-dividend date. The dividend payout could attract more investors, potentially increasing the stock's demand in the long term.
The ex-dividend date often leads to a temporary decrease in a stock's price as it adjusts to reflect the upcoming dividend payout. However, the announcement of a dividend can also attract new investors, potentially increasing demand for the stock in the long term.
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