Thursday Is Your Last Chance To Buy DWS Strategic Municipal Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DWS Strategic Municipal (NYSE:KSM) announced a monthly dividend of 2.6 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, likely opening 2.6 cents lower. The dividend is payable on November 30, 2023.
November 14, 2023 | 2:45 pm
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DWS Strategic Municipal (KSM) will pay a monthly dividend of 2.6 cents per share, with the ex-dividend date set for Friday. The stock is expected to open lower by the dividend amount on that day.
The stock price of KSM is likely to drop in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date.
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