Kayne Anderson Energy's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kayne Anderson Energy (NYSE:KYN) has announced a quarterly dividend of 21 cents per share. The ex-dividend date is Friday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning KYN by the end of Thursday's session are eligible for the dividend, which will be paid out on October 23, 2023.
September 26, 2023 | 2:46 pm
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Kayne Anderson Energy's stock is likely to trade lower on the ex-dividend date due to the announced dividend of 21 cents per share.
The announcement of a dividend often leads to a decrease in the stock's price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout, which in this case is 21 cents per share. Therefore, it is expected that KYN's stock price will trade lower on the ex-dividend date.
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