World Kinect's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
World Kinect (NYSE:WKC) has announced a quarterly dividend of 14 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 14 cents lower to reflect the payout. Shareholders who own WKC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.
September 26, 2023 | 2:45 pm
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World Kinect's announcement of a 14 cents per share dividend will likely cause the stock to open lower on the ex-dividend date, Friday. The dividend will be paid out on October 16, 2023.
Dividends are typically reflected in the stock price, causing it to drop by the amount of the dividend on the ex-dividend date. In this case, World Kinect's stock is expected to open 14 cents lower on Friday. This is a direct impact on the stock price, hence the relevance score of 100. The importance is high as dividends are a significant part of a company's financial strategy and can influence investor decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100