[Featured Stock] Korean Re Drops Over 4% Early in Trading on Ex-Dividend Day

Korean Re is showing a decline of around 4% in the early trading session on the ex-dividend date, the 1st.

As of 9:57 AM on this day, the stock price of Korean Re is recorded at 7,820 KRW, down 4.28% compared to the previous trading day.

Korean Re will pay a total cash dividend of 91 billion KRW based on 515 KRW per common share and a dividend yield of 6.3% as of the 2nd. The right to receive the dividend arises only if the stock is purchased at least two business days before the dividend record date. Since the 1st is the ex-dividend date when buying the stock does not entitle one to the dividend, the stock price is interpreted to be falling due to selling pressure.