Thursday Is Your Last Chance To Buy DWS Strategic Municipal Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DWS Strategic Municipal (NYSE:KSM) has announced a monthly dividend of 2.95 cents per share. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is this Friday. The dividend will be paid out on July 31, 2023.

July 11, 2023 | 2:45 pm
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DWS Strategic Municipal (KSM) is set to pay a dividend of 2.95 cents per share. The stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend payout typically leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend payout, as the company's assets have effectively decreased by the total amount of the dividend. In this case, KSM is expected to open 2.95 cents lower on the ex-dividend date.
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