Thursday Is Your Last Chance To Buy DWS Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) announced a monthly dividend of 2.54 cents per share, with Thursday being the last chance for investors to be eligible for the payout. The stock will go ex-dividend on Friday, and the dividend will be paid out on June 30, 2023.
June 13, 2023 | 3:06 pm
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NEUTRAL IMPACT
DWS Municipal IT (KTF) announced a 2.54 cents per share dividend, with Thursday being the last chance for eligibility. The stock will go ex-dividend on Friday.
The announcement of the dividend payout is important for investors who want to receive the dividend. However, the short-term impact on the stock price is neutral, as the stock will likely open 2.54 cents lower on Friday to reflect the payout. This is a normal occurrence for stocks going ex-dividend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100