Krispy Kreme's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Krispy Kreme (NASDAQ:DNUT) announced it will pay a quarterly dividend of 3.5 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 3.5 cents lower. Shareholders owning DNUT as of the end of Tuesday's session are eligible for the dividend payout. The dividend will be paid out on November 09, 2023.
October 20, 2023 | 2:45 pm
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Krispy Kreme's stock is likely to open lower on the ex-dividend date due to the dividend payout. Shareholders as of Tuesday's session end are eligible for the dividend.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date. This is because the amount of the dividend is deducted from the company's cash reserves, reducing the value of the company. Therefore, the stock price is adjusted downwards to reflect this payout. In this case, Krispy Kreme's stock is expected to open 3.5 cents lower on the ex-dividend date.
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