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.
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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