DWS Strategic Municipal Income Trust (NYSE:KSM) to Issue Monthly Dividend of $0.03

DWS Strategic Municipal Income Trust (NYSE:KSMGet Free Report) announced a monthly dividend on Monday, July 8th, Wall Street Journal reports. Investors of record on Thursday, July 18th will be paid a dividend of 0.026 per share by the investment management company on Wednesday, July 31st. This represents a $0.31 annualized dividend and a yield of 3.16%. The ex-dividend date is Thursday, July 18th.

DWS Strategic Municipal Income Trust Stock Performance

NYSE:KSM remained flat at $9.88 during trading hours on Wednesday. The company’s stock had a trading volume of 18,293 shares, compared to its average volume of 27,256. The business’s 50 day simple moving average is $9.68 and its 200-day simple moving average is $9.22. DWS Strategic Municipal Income Trust has a fifty-two week low of $7.25 and a fifty-two week high of $9.99.

About DWS Strategic Municipal Income Trust

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Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.

Further Reading

Dividend History for DWS Strategic Municipal Income Trust (NYSE:KSM)

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