Deutsche Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.05 on December 29th
Deutsche Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, December 11th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.0525 per share by the investment management company on Friday, December 29th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Friday, December 15th.
Deutsche Municipal Income Trust has decreased its dividend by an average of 0.3% annually over the last three years.
Deutsche Municipal Income Trust (NYSE:KTF) opened at $12.00 on Thursday. Deutsche Municipal Income Trust has a twelve month low of $11.72 and a twelve month high of $13.73.
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About Deutsche Municipal Income Trust
Deutsche Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, intends on being invested in municipal securities valued at the time of purchase within the four highest grades (Baa or BBB or better).
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