DWS Municipal IT: Dividend Insights
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) announced a monthly dividend of 2.5 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, indicating a likely opening price reduction by the dividend amount. The dividend is scheduled to be paid on November 30, 2023.
November 14, 2023 | 2:45 pm
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DWS Municipal IT (KTF) will pay a monthly dividend of 2.5 cents per share, with the ex-dividend date set for Friday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of KTF is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, the impact is typically minimal and very short-lived, as it is a routine adjustment for dividend distributions.
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