DWS Municipal Income Trust (NYSE:KTF – Get Free Report) declared a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors 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 yield of 7.72%. The ex-dividend date of this dividend is Thursday, May 16th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% annually over the last three years and has increased its dividend every year for the last 1 years.
DWS Municipal Income Trust Stock Performance
DWS Municipal Income Trust stock opened at $9.49 on Friday. DWS Municipal Income Trust has a twelve month low of $7.40 and a twelve month high of $9.68. The business has a fifty day moving average of $9.24 and a two-hundred day moving average of $8.84.
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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