Monday Is Your Last Chance To Buy Kohl's Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Kohl's (NYSE:KSS) has announced a quarterly dividend of 50 cents per share, payable on September 20, 2023. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The stock is expected to open 50 cents lower on Tuesday to reflect the payout.

August 31, 2023 | 2:45 pm
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Kohl's is set to pay a 50 cents per share dividend on September 20, 2023. The stock is expected to trade lower on Tuesday, reflecting the payout.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend, as the company's assets have effectively decreased by the total payout. In this case, Kohl's has announced a 50 cents per share dividend, so the stock is expected to open lower on Tuesday.
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