Kayne Anderson NextGen: Dividend Insights
Portfolio Pulse from Benzinga Insights
Kayne Anderson NextGen (NYSE:KMF) has announced a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 16 cents lower. Shareholders who own KMF as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 23, 2023.
September 26, 2023 | 2:45 pm
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Kayne Anderson NextGen (KMF) has announced a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Friday, which will likely cause the stock to open lower.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, KMF is expected to open 16 cents lower on the ex-dividend date.
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