Kinsale Cap Gr's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kinsale Cap Gr (NYSE:KNSL) has announced a quarterly dividend of 14 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 14 cents lower to reflect the payout. Shareholders who own KNSL as of the end of Friday's session are eligible to receive the dividend, which will be paid out on September 12, 2023.
August 23, 2023 | 2:45 pm
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Kinsale Cap Gr's stock price is expected to open lower on Monday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock.
The ex-dividend date typically results in a decrease in the stock price equivalent to the dividend amount, as the stock will trade lower to reflect the payout. However, the announcement of a dividend can also attract investors looking for income-generating stocks, potentially increasing demand for the stock.
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