Thursday Is Your Last Chance To Buy DWS Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) announced its monthly dividend of 2.9 cents per share, with Thursday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Friday, likely opening 2.9 cents lower. The dividend payout is scheduled for February 29, 2024.
February 13, 2024 | 2:46 pm
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DWS Municipal IT announced a monthly dividend of 2.9 cents per share, with the stock going ex-dividend on Friday and expected to open lower by the dividend amount.
The announcement of the dividend and the subsequent ex-dividend date typically leads to a short-term decrease in the stock price by the amount of the dividend, as the stock price adjusts to reflect the payout. This is a common occurrence in the market following dividend announcements.
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