Samsung Card's stock is weak due to the effect of being ex-dividend. Being ex-dividend means the right to receive dividends has ceased.
Samsung Card shares were traded at 41,150 won (based on the Korea Exchange) at 9:57 a.m. on the 26th in the KOSPI market. The stock price fell by 6.9% (3,050 won) from the previous day.
The 26th is the ex-dividend date for Samsung Card. Samsung Card has designated the 27th as the record date for dividends. Considering that it takes two transaction days for settlement, only shareholders who bought Samsung Card shares by the previous day can receive dividends.
Typically, on the ex-dividend date, the stock price experiences a drop equivalent to the lost dividends. Samsung Card has determined the settlement of account dividends to be 2,800 won.
As listed companies are increasingly deferring the record date for dividends to the regular shareholder meeting, many ex-dividend dates are approaching. A total of 98 companies listed on the KOSPI and KOSDAQ markets have set the record date for dividends as the 31st.