Wednesday Is Your Last Chance To Buy DWS Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) has announced a monthly dividend of 2.54 cents per share. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Thursday. The dividend will be paid out on August 31, 2023.
August 14, 2023 | 2:45 pm
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DWS Municipal IT (KTF) is set to pay a monthly dividend of 2.54 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price typically drops on the ex-dividend date to reflect the payout. Therefore, KTF's stock price is likely to decrease in the short term.
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