KKR & Co's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
KKR & Co (NYSE:KKR) has announced a quarterly dividend of 16.5 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 16.5 cents lower to reflect the payout. Shareholders who own KKR as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 11, 2023 | 2:45 pm
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KKR & Co's stock price is expected to open lower on Wednesday due to the ex-dividend date. The dividend will be paid out on August 31, 2023.
The ex-dividend date is the cutoff day to buy a stock and still receive its recently declared dividend. On the ex-dividend date, the stock price is adjusted downward by the amount of the dividend by the exchange. Therefore, KKR & Co's stock price is expected to open lower on Wednesday.
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