Evergy's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Evergy (NASDAQ:EVRG) has announced a quarterly dividend of 61.25 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 61.25 cents lower to reflect the payout. Shareholders who own EVRG as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 20, 2023.
August 15, 2023 | 2:45 pm
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Evergy's stock price is expected to open lower on the ex-dividend date due to the dividend payout. However, this is a normal occurrence and does not reflect negatively on the company's performance.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the dividend. However, this is a standard market mechanism and does not indicate any underlying issue with the company.
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