Hyundai Elevator shares were down more than 8% early on the 26th. The drop is seen as due to the ex-dividend date. The ex-dividend date is the day when the right to receive dividends expires.
As of 9:12 a.m. that day, Hyundai Elevator shares were trading on the main bourse at 99,700 won, down 8.53% (9,300 won) from the previous session.
Hyundai Elevator will pay dividends of 12,010 won per share as a year-end payout. The record date for dividends is the 28th, Saturday. Considering the two-trading-day settlement cycle, only shareholders who held the shares through the previous day can receive the dividend.
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