Kayne Anderson Energy's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kayne Anderson Energy (NYSE:KYN) will go ex-dividend on Tuesday, with shareholders as of Monday's close eligible for a quarterly dividend of 22 cents per share, payable on January 10, 2024. The stock is expected to open 22 cents lower on Tuesday to reflect the dividend payout.
December 28, 2023 | 2:45 pm
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Kayne Anderson Energy (KYN) will pay a quarterly dividend of 22 cents per share, with the ex-dividend date set for Tuesday. The stock price is expected to open lower by the dividend amount.
The ex-dividend date typically results in a stock price reduction equivalent to the dividend amount, as the value of the dividend is no longer included in the stock price. This is a common and expected short-term impact on the stock price.
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