Wednesday 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 the ex-dividend date being Thursday. Shareholders owning KSM by the end of Wednesday are eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 2.6 cents lower on the ex-dividend date.
January 15, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
DWS Strategic Municipal (KSM) will pay a 2.6 cents monthly dividend per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of KSM is expected to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is accounted for in the stock price. This is a predictable short-term impact due to the dividend payout structure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100