KNOT Offshore Partners's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

KNOT Offshore Partners's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

Tuesday marks the last chance for investors to receive the next dividend payout from KNOT Offshore Partners KNOP.

What's Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 52 per share. On Wednesday, KNOT Offshore Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 52 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own KNOP as of the end of Tuesday's session are eligible to receive the 52 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on August 11, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.

Posted In: BZI-ExDivDividends