Steel manufacturer NEXTEEL is seeing its stock price drop by over 7% on the ex-dividend date. The ex-dividend date refers to the day when the right to receive dividends disappears.
As of 9:27 a.m. on the 19th, NEXTEEL is trading at 13,850 won, down 1,190 won (7.91%) from the previous trading day. This is due to the ex-dividend impact.
NEXTEEL has decided to pay dividends of 1,155 won per share as a quarterly dividend. The dividend record date is the 20th. Taking into account the two trading days for settlement, only shareholders who hold the stock until the previous day can receive the dividend.
Meanwhile, NEXTEEL's stock rose by over 18% on news that it had decided to issue a tax-exempt interim dividend with a yield of over 8% on the 5th.
※ This article has been translated by AI. Share your feedback here.