[Featured Stock] Kyobo Securities Plummets Over 8% Early on Ex-Dividend Date

Kyobo Securities is showing a decline of over 8% in the early trading session on the ex-dividend date, the 27th.

As of 9:52 AM on this day, Kyobo Securities' stock price is recorded at 6,100 KRW, down 8.68% from the previous trading day.

It appears that selling pressure has emerged due to the ex-dividend date. Kyobo Securities will pay the final dividend based on the record date of the 28th. Since shareholders must hold the stock until two trading days before the record date to be registered in the shareholder list and receive dividends, the stock price tends to decline due to selling pressure one day before the record date.

At the regular shareholders' meeting held on the 25th, Kyobo Securities decided to pay a cash dividend of 500 KRW per common share. The dividend will be paid using a differential dividend method, and no dividends will be paid to the largest shareholder. The scheduled dividend payment date is the 18th of next month.