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 likely open 2.35 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 October 31, 2023.
October 10, 2023 | 2:45 pm
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DWS Municipal IT's stock will likely open lower on Friday due to the ex-dividend date. The dividend will be paid out on October 31, 2023.
The stock price of DWS Municipal IT is expected to decrease in the short term due to the ex-dividend date. This is a common occurrence as the stock price adjusts to reflect the payout of the dividend. However, this does not necessarily indicate a negative outlook for the company as dividends are a sign of a company's profitability and financial health.
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