DWS Municipal IT: Dividend Insights
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) has announced a monthly dividend of 2.54 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 2.54 cents lower. Shareholders who own KTF as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 11, 2023 | 2:45 pm
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DWS Municipal IT (KTF) has announced a monthly dividend of 2.54 cents per share. The stock will go ex-dividend on Friday, which will likely result in a temporary decrease in the stock price.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, DWS Municipal IT's stock price is expected to decrease by 2.54 cents when it goes ex-dividend on Friday.
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