Kaiser Aluminum's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kaiser Aluminum (NASDAQ:KALU) has announced a quarterly dividend of 77 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning KALU stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on February 15, 2024. The stock is expected to open 77 cents lower on the ex-dividend date.
January 19, 2024 | 2:45 pm
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Kaiser Aluminum will pay a quarterly dividend of 77 cents per share, with the ex-dividend date being this Wednesday. The stock price is expected to open lower by the dividend amount on that day.
The stock price is likely to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payout is factored into the stock price. This is a short-term impact and is typically priced in quickly.
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