DWS Strategic Municiple Income Trust (KSM) Announces $0.05 Monthly Dividend
DWS Strategic Municiple Income Trust (NYSE:KSM) announced a monthly dividend on Monday, September 11th, Wall Street Journal reports. Investors of record on Monday, September 18th will be given a dividend of 0.0525 per share by the investment management company on Friday, September 29th. This represents a $0.63 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Friday, September 15th.
DWS Strategic Municiple Income Trust has decreased its dividend by an average of 4.6% annually over the last three years.
Shares of DWS Strategic Municiple Income Trust (NYSE KSM) opened at 12.29 on Tuesday. The company’s 50-day moving average price is $12.42 and its 200 day moving average price is $12.53. DWS Strategic Municiple Income Trust has a 12-month low of $11.86 and a 12-month high of $14.93.
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DWS Strategic Municiple Income Trust Company Profile
Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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