KNOT Offshore Partners's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
KNOT Offshore Partners (NYSE:KNOP) has announced that shareholders as of Thursday's session close will be eligible for a quarterly dividend payout of 2.6 cents per share. The ex-dividend date is Friday, and the stock is expected to trade lower by the dividend amount. The dividend is scheduled to be paid on February 08, 2024.
January 23, 2024 | 2:45 pm
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KNOT Offshore Partners will pay a quarterly dividend of 2.6 cents per share, with the ex-dividend date set for Friday. The stock is expected to open lower by the dividend amount on that day.
The stock price of KNOP is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the dividend payout is factored into the stock price. This is a common occurrence when stocks go ex-dividend and represents a mechanical adjustment rather than a reflection of the company's fundamentals.
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