DWS Municipal Income Trust (NYSE:KTF – Get Free Report) declared a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.061 per share by the investment management company on Friday, May 31st. This represents a $0.73 annualized dividend and a dividend yield of 7.72%. The ex-dividend date is Thursday, May 16th.
DWS Municipal Income Trust has decreased its dividend by an average of 14.9% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
DWS Municipal Income Trust Stock Performance
Shares of DWS Municipal Income Trust stock opened at $9.48 on Thursday. DWS Municipal Income Trust has a 12 month low of $7.40 and a 12 month high of $9.68. The stock’s fifty day moving average price is $9.23 and its 200-day moving average price is $8.83.
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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