DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.061 per share by the investment management company on Friday, November 29th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, November 20th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% annually over the last three years.
DWS Municipal Income Trust Price Performance
Shares of DWS Municipal Income Trust stock opened at $9.95 on Monday. The business has a 50-day moving average price of $9.94 and a 200 day moving average price of $9.71. DWS Municipal Income Trust has a fifty-two week low of $8.27 and a fifty-two week high of $10.22.
About DWS Municipal Income Trust
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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