Kelly Services's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kelly Services (NASDAQ:KELYB) announced a quarterly dividend of 7.5 cents per share, going ex-dividend on Monday. Shareholders owning the stock by the end of Friday are eligible for the payout on March 13, 2024. The stock is expected to open 7.5 cents lower on Monday due to the dividend payout.
February 21, 2024 | 2:45 pm
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Kelly Services announces a quarterly dividend of 7.5 cents per share, with the ex-dividend date set for Monday. The stock is expected to open lower by the dividend amount.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount, as the ex-dividend date approaches. This is a standard market reaction as the stock price adjusts to reflect the payout. For KELYB, this means an expected opening price reduction by 7.5 cents on the ex-dividend date.
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