DWS Municiple Income Trust Announces Monthly Dividend of $0.06 (KTF)
DWS Municiple Income Trust (NYSE:KTF) declared a monthly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Friday, August 18th will be paid a dividend of 0.06 per share by the investment management company on Thursday, August 31st. This represents a $0.72 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Wednesday, August 16th.
DWS Municiple Income Trust has decreased its dividend by an average of 0.3% annually over the last three years.
Shares of DWS Municiple Income Trust (KTF) traded down 0.08% on Friday, reaching $12.96. 51,015 shares of the company traded hands. The stock has a 50 day moving average of $13.23 and a 200 day moving average of $13.36. DWS Municiple Income Trust has a 52-week low of $12.52 and a 52-week high of $14.82.
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DWS Municiple Income Trust Company Profile
Deutsche Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, intends on being invested in municipal securities valued at the time of purchase within the four highest grades (Baa or BBB or better).
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