Friday Is Your Last Chance To Buy KeyCorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
KeyCorp (NYSE:KEY) has announced a quarterly dividend of 20.5 cents per share, payable on September 15, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 23, 2023 | 2:45 pm
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KeyCorp's stock will likely open lower on Monday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend. This could increase demand for the stock before the ex-dividend date. However, the stock will likely open lower on the ex-dividend date as it will trade without the value of the dividend.
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