Monday Is Your Last Chance To Buy Kelly Services Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Kelly Services (NASDAQ:KELYA) has announced a quarterly dividend of 7.5 cents per share, payable on September 06, 2023. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Monday is the last day for investors to buy the stock and be eligible for the dividend.
August 17, 2023 | 2:45 pm
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Kelly Services' stock may trade lower on Tuesday due to the ex-dividend status. However, the dividend payout could attract investors, potentially increasing demand for the stock on Monday.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend. This could increase demand for the stock on Monday, potentially pushing the price up. However, once the stock goes ex-dividend on Tuesday, it will likely trade lower to reflect the payout, which could offset any gains made on Monday.
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