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 2.9 cents per share, with Thursday being the last chance for investors to buy the stock before the ex-dividend date on Friday. The dividend will be paid on February 29, 2024. The stock is expected to open 2.9 cents lower on the ex-dividend date.
February 13, 2024 | 2:45 pm
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DWS Strategic Municipal (KSM) announced a 2.9 cents per share monthly dividend. Investors must purchase by Thursday to be eligible, with the stock likely opening lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Given that KSM will pay a 2.9 cents per share dividend and the stock is expected to open lower by the same amount on the ex-dividend date, this directly impacts the stock's short-term price movement.
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