Monday 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 3 cents per share, with Monday being the last day to buy the stock to be eligible for this payout. The stock will go ex-dividend on Tuesday, likely opening 3 cents lower. The dividend payout is scheduled for March 28, 2024.
March 14, 2024 | 2:45 pm
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DWS Strategic Municipal (KSM) announced a 3 cents per share monthly dividend. The stock will likely open 3 cents lower on the ex-dividend date, Tuesday.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, KSM is expected to open 3 cents lower on the ex-dividend date, indicating a direct impact on the stock price.
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