DWS Strategic Municipal Income Trust (NYSE:KSM) declared a monthly dividend on Tuesday, September 14th, Wall Street Journal reports. Stockholders of record on Monday, September 20th will be paid a dividend of 0.045 per share by the investment management company on Thursday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, September 17th.
Shares of NYSE:KSM opened at $12.50 on Wednesday. DWS Strategic Municipal Income Trust has a 52-week low of $10.45 and a 52-week high of $12.99. The stock has a 50 day moving average price of $12.63 and a 200-day moving average price of $12.29.
A hedge fund recently raised its stake in DWS Strategic Municipal Income Trust stock. Invesco Ltd. lifted its position in DWS Strategic Municipal Income Trust (NYSE:KSM) by 49.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,240 shares of the investment management company’s stock after buying an additional 10,293 shares during the period. Invesco Ltd. owned approximately 0.28% of DWS Strategic Municipal Income Trust worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 17.82% of the stock is owned by institutional investors and hedge funds.
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
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