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 2.6 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 29, 2023.
September 12, 2023 | 2:45 pm
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DWS Strategic Municipal (KSM) is set to pay a monthly dividend of 2.6 cents per share. The stock will go ex-dividend on Friday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term increase in stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the price typically decreases by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout.
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