DWS Municipal Income Trust Declares Monthly Dividend of $0.04 (NYSE:KTF)

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, October 11th, Wall Street Journal reports. Stockholders of record on Monday, October 18th will be paid a dividend of 0.042 per share by the investment management company on Friday, October 29th. This represents a $0.50 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, October 15th.

DWS Municipal Income Trust has decreased its dividend payment by 33.8% over the last three years and has raised its dividend every year for the last 2 years.

NYSE KTF opened at $11.77 on Thursday. The firm’s 50 day simple moving average is $12.15 and its 200 day simple moving average is $12.09. DWS Municipal Income Trust has a 1 year low of $10.76 and a 1 year high of $12.58.

An institutional investor recently raised its position in DWS Municipal Income Trust stock. Morgan Stanley lifted its position in shares of DWS Municipal Income Trust (NYSE:KTF) by 14.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,492 shares of the investment management company’s stock after acquiring an additional 12,112 shares during the quarter. Morgan Stanley owned approximately 0.24% of DWS Municipal Income Trust worth $1,143,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 33.15% of the company’s stock.

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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Dividend History for DWS Municipal Income Trust (NYSE:KTF)

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