DWS Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.06 on April 30th

Posted by Amy Steele on Apr 16th, 2024

DWS Municipal Income Trust (NYSE:KTF – Get Free Report) declared a monthly dividend on Monday, April 8th, Wall Street Journal reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.061 per share by the investment management company on Tuesday, April 30th. This represents a $0.73 annualized dividend and a dividend yield of 7.82%. The ex-dividend date is Thursday, April 18th. This is a boost from DWS Municipal Income Trust’s previous monthly dividend of $0.04.

DWS Municipal Income Trust has decreased its dividend payment by an average of 13.2% annually over the last three years and has raised its dividend every year for the last 1 years.

DWS Municipal Income Trust Price Performance

NYSE KTF opened at $9.36 on Tuesday. The firm has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $8.64. DWS Municipal Income Trust has a one year low of $7.40 and a one year high of $9.68.

Institutional Trading of DWS Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in KTF. Captrust Financial Advisors acquired a new stake in DWS Municipal Income Trust during the second quarter worth approximately $29,000. Worth Asset Management LLC acquired a new stake in DWS Municipal Income Trust during the first quarter worth approximately $77,000. Doyle Wealth Management acquired a new stake in DWS Municipal Income Trust during the first quarter worth approximately $113,000. Jane Street Group LLC acquired a new stake in DWS Municipal Income Trust during the fourth quarter worth approximately $161,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in DWS Municipal Income Trust by 6.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,100 shares of the investment management company’s stock worth $173,000 after purchasing an additional 1,296 shares in the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

About DWS Municipal Income Trust

(Get Free Report)

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.