DWS Municipal Income Trust (NYSE:KTF) announced a — dividend on Wednesday, September 11th, Wall Street Journal reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.0425 per share by the investment management company on Monday, September 30th. This represents a yield of 4.4%. The ex-dividend date is Wednesday, September 18th.

DWS Municipal Income Trust has decreased its dividend payment by an average of 6.2% annually over the last three years.

Shares of NYSE:KTF traded down $0.04 on Wednesday, hitting $11.63. 100,030 shares of the company were exchanged, compared to its average volume of 77,511. The company’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $11.24. DWS Municipal Income Trust has a one year low of $10.08 and a one year high of $11.86.

In other news, Director John W. Ballantine purchased 2,460 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $11.61 per share, with a total value of $28,560.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

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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Dividend History for DWS Municipal Income Trust (NYSE:KTF)

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