Somewhat Favorable Media Coverage Somewhat Unlikely to Impact DWS Municiple Income Trust (KTF) Stock Price
Media coverage about DWS Municiple Income Trust (NYSE:KTF) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. DWS Municiple Income Trust earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 46.9428732725696 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of DWS Municiple Income Trust (NYSE:KTF) traded down $0.13 during mid-day trading on Monday, reaching $11.79. 284,541 shares of the company’s stock were exchanged, compared to its average volume of 106,271. DWS Municiple Income Trust has a 1-year low of $11.79 and a 1-year high of $13.73.
The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be issued a $0.0525 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.63 annualized dividend and a dividend yield of 5.34%.
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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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