DWS Municipal IT's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DWS Municipal IT (NYSE:KTF) announced a monthly dividend of 3.5 cents per share, going ex-dividend on Tuesday. Shareholders owning KTF by the end of Monday are eligible for the dividend, to be paid on March 28, 2024. The stock is expected to open 3.5 cents lower on Tuesday to reflect the payout.
March 14, 2024 | 2:45 pm
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DWS Municipal IT (KTF) will pay a monthly dividend of 3.5 cents per share, with the ex-dividend date set for Tuesday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of DWS Municipal IT is likely to decrease in the short term due to the ex-dividend date effect, where stocks typically drop by the dividend amount. This is a common occurrence in the market following dividend announcements.
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