Karat Packaging's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Karat Packaging (NASDAQ:KRT) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning KRT stock by the end of Monday are eligible for the dividend, payable on February 29, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.
February 15, 2024 | 2:45 pm
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Karat Packaging announced a quarterly dividend of 20 cents per share, with the ex-dividend date on Tuesday. The stock is expected to open 20 cents lower on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, KRT is expected to open 20 cents lower, directly correlating with the dividend amount announced.
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