Ex-Dividend Date Insight: DWS Strategic Municipal

DWS Strategic Municipal KSM declared a dividend payable on January 29, 2021 to its shareholders as of January 8, 2021. It was also announced that shareholders of DWS Strategic Municipal'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. DWS Strategic Municipal, whose current dividend payout is $0.04, has an ex-dividend date set at January 15, 2021. The payout equates to a dividend yield of 4.65% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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. Most ex-dividend dates operate on a quarterly basis.

DWS Strategic Municipal's Dividend History

Over the past year, DWS Strategic Municipal has seen its dividend payouts remain the same and its yields trend downward. Last year on September 18, 2020 the company's payout sat at $0.04, which has returned to its value today. DWS Strategic Municipal's dividend yield last year was 4.71%, which has since decreased 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.

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Posted In: BZI-ExDivDividends