DWS Municipal IT's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) has announced a monthly dividend of 2.35 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own KTF as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 12, 2023 | 2:45 pm
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DWS Municipal IT's stock will likely trade lower on Friday due to the ex-dividend date. The dividend will be paid out on September 29, 2023.
The stock price typically drops by about the same amount of the dividend on the ex-dividend date. This is because the dividend payout is factored into the stock price, and once it's paid out, the stock price adjusts to reflect this. Therefore, it's expected that KTF's stock price will drop by about the amount of the dividend on Friday.
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