DWS Municipal Income Trust (NYSE:KTF – Get Free Report) declared a monthly dividend on Thursday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, August 19th will be given a dividend of 0.061 per share by the investment management company on Friday, August 30th. This represents a $0.73 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend is Monday, August 19th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% per year over the last three years.
DWS Municipal Income Trust Price Performance
NYSE:KTF opened at $9.76 on Friday. DWS Municipal Income Trust has a 1 year low of $7.40 and a 1 year high of $9.82. The business has a fifty day moving average of $9.63 and a 200-day moving average of $9.36.
About DWS Municipal Income Trust
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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