Kaiser Aluminum: Dividend Insights
Portfolio Pulse from Benzinga Insights
Kaiser Aluminum (NASDAQ:KALU) has announced a quarterly dividend of 77 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 77 cents lower. Shareholders who own KALU as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 15, 2023.
October 19, 2023 | 2:45 pm
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Kaiser Aluminum's announcement of a 77 cents per share dividend may cause the stock to open lower on Tuesday. The dividend will be paid out on November 15, 2023.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, Kaiser Aluminum's stock is expected to open 77 cents lower on Tuesday, the ex-dividend date. This is a direct impact of the dividend announcement.
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