Wednesday Is Your Last Chance To Buy DWS Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) announced a monthly dividend of 2.7 cents per share, with the ex-dividend date being Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 2.7 cents lower on the ex-dividend date.
January 15, 2024 | 2:45 pm
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DWS Municipal IT (KTF) will pay a 2.7 cents dividend per share, with the ex-dividend date set for Thursday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop by the amount of the dividend on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence and is typically priced in by the market.
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