Kinsale Cap Gr's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kinsale Cap Gr (NYSE:KNSL) announced a quarterly dividend of 15 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 15 cents lower on Monday due to the dividend payout.
February 21, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Kinsale Cap Gr announces a quarterly dividend of 15 cents per share with an ex-dividend date on Monday. The stock is expected to open 15 cents lower due to the dividend payout.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount, as the ex-dividend date approaches. In this case, KNSL's stock is expected to open 15 cents lower on Monday, reflecting the dividend payout. This is a common market reaction to dividend distributions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100