[Special Stock] Samsung Card Plummets After Dividend Cut

As of 9:25 a.m. on the 26th, Samsung Card's stock price on the Korea Exchange has fallen 6.79% from the previous closing price to 41,200 KRW due to the ex-dividend date effect.

Earlier in January, Samsung Card announced a dividend plan totaling 298.8 billion KRW, with a cash dividend of 2,800 KRW per common share and a dividend yield of 7%. The record date for the dividend is set for the 27th.

Listed companies announce that shareholders holding shares by a specific date, called the 'record date,' will receive dividends. Since it takes two business days for a stock purchase to settle, shares must be bought at least two business days before the record date to be eligible for the dividend. Therefore, the stock price typically drops starting from the ex-dividend date, when buying shares no longer entitles the buyer to the dividend.

In the case of Samsung Card, the 26th is the ex-dividend date, so the stock price struggled in early trading.