DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a — dividend on Thursday, January 9th,Wall Street Journal reports. Shareholders of record on Tuesday, January 21st will be paid a dividend of 0.061 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.7%. The ex-dividend date is Tuesday, January 21st. This is a boost from DWS Municipal Income Trust’s previous — dividend of $0.02.
DWS Municipal Income Trust has increased its dividend by an average of 9.3% per year over the last three years.
DWS Municipal Income Trust Stock Performance
Shares of NYSE KTF traded down $0.02 during trading hours on Thursday, reaching $9.53. The stock had a trading volume of 78,817 shares, compared to its average volume of 75,563. DWS Municipal Income Trust has a twelve month low of $8.72 and a twelve month high of $10.22. The business’s fifty day moving average is $9.80 and its two-hundred day moving average is $9.79.
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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