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Analyzing DWS Municipal Income's Ex-Dividend Date

Benzinga Insights
·2 min read

DWS Municipal Income (NYSE:KTF) declared a dividend payable on January 29, 2021 to its shareholders as of January 8, 2021. It was also announced that shareholders of DWS Municipal Income's stock as of January 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. The ex-dividend date for DWS Municipal Income is set for January 15, 2021. The company's current dividend payout sits at $0.04, equating to a dividend yield of 4.35% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

DWS Municipal Income's Dividend History

Over the past year, DWS Municipal Income has seen its dividend payouts remain the same and its yields climb upward overall. Last year on September 18, 2020 the company's payout sat at $0.04, which has returned to its value today. DWS Municipal Income's dividend yield last year was 4.29%, which has since grown by 0.06%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on DWS Municipal Income's previous dividends.

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