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) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a monthly dividend of 2.65 cents per share, payable on December 29, 2023. The stock is expected to open 2.65 cents lower on Friday to reflect the dividend payout.
December 12, 2023 | 2:45 pm
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DWS Municipal IT (KTF) will pay a monthly dividend of 2.65 cents per share, with the ex-dividend date set for Friday. The stock price is expected to open slightly lower by the amount of the dividend.
The stock price of KTF is likely to decrease in the short term by the amount of the dividend, as the ex-dividend date typically results in a price adjustment to reflect the payout. This is a common and expected occurrence when stocks go ex-dividend.
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