Korea District Heating Corporation is experiencing a downturn in stock prices due to the ex-dividend date. The ex-dividend date refers to the day on which the right to receive dividends disappears.
Korea District Heating Corporation's stock traded at 46,000 won on the KOSPI market at 9:06 a.m. on the 1st. The stock price fell by 7.16% (3,550 won) compared to the previous day, influenced by the ex-dividend.
Korea District Heating Corporation decided to distribute 3,879 won per share as dividends for the settlement of account. The dividend 기준일 is on the 2nd. However, considering the two-day settlement delay, only shareholders who held the stock until the day before will receive the dividends.
Securities firms have raised their target prices for Korea District Heating Corporation, citing the acceleration of the collection of overdue payments that had been holding back the stock price. The average target price among securities firms is 58,000 won.