DWS Municipal Income Trust Announces Monthly Dividend of $0.04 (NYSE:KTF)

DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Monday, October 11th, Wall Street Journal reports. Shareholders of record on Monday, October 18th will be paid a dividend of 0.042 per share by the investment management company on Friday, October 29th. This represents a $0.50 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Friday, October 15th.

DWS Municipal Income Trust has decreased its dividend payment by 33.8% over the last three years and has increased its dividend annually for the last 2 consecutive years.

Shares of KTF opened at $11.71 on Wednesday. The stock has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $12.09. DWS Municipal Income Trust has a 1 year low of $10.76 and a 1 year high of $12.58.

An institutional investor recently raised its position in DWS Municipal Income Trust stock. Morgan Stanley boosted its position in DWS Municipal Income Trust (NYSE:KTF) by 14.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,492 shares of the investment management company’s stock after buying an additional 12,112 shares during the quarter. Morgan Stanley owned approximately 0.24% of DWS Municipal Income Trust worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 33.15% of the stock is currently owned by institutional investors.

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.

Read More: What is Cost of Capital?

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

Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.