DWS Municipal Income Trust (NYSE:KTF) Announces Monthly Dividend of $0.06

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Friday, January 9th. Shareholders of record on Wednesday, January 21st will be paid a dividend of 0.061 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Wednesday, January 21st. This is a 83.2% increase from DWS Municipal Income Trust’s previous monthly dividend of $0.03.

DWS Municipal Income Trust Trading Down 0.4%

NYSE KTF opened at $9.14 on Monday. The business’s 50-day moving average price is $9.14 and its two-hundred day moving average price is $9.00. DWS Municipal Income Trust has a 12 month low of $8.48 and a 12 month high of $9.77.

Institutional Trading of DWS Municipal Income Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management increased its position in DWS Municipal Income Trust by 2.6% during the 4th quarter. Dakota Wealth Management now owns 122,661 shares of the investment management company’s stock valued at $1,115,000 after purchasing an additional 3,100 shares during the period. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $89,000. NewEdge Advisors LLC bought a new stake in shares of DWS Municipal Income Trust in the 3rd quarter valued at $331,000. Citadel Advisors LLC acquired a new stake in shares of DWS Municipal Income Trust during the third quarter worth $582,000. Finally, Seven Mile Advisory acquired a new stake in shares of DWS Municipal Income Trust during the third quarter worth $332,000. 57.71% of the stock is currently owned by institutional investors.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.