DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Friday, November 8th,Wall Street Journal reports. Shareholders of record on Wednesday, November 20th will be paid a dividend of 0.061 per share by the investment management company on Friday, November 29th. This represents a $0.73 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Wednesday, November 20th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% per year over the last three years.
DWS Municipal Income Trust Price Performance
KTF stock opened at $9.95 on Monday. The stock’s 50 day simple moving average is $9.94 and its 200 day simple moving average is $9.71. DWS Municipal Income Trust has a 12-month low of $8.27 and a 12-month high of $10.22.
DWS Municipal Income Trust Company Profile
Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.
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