DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Monday, June 8th. Investors of record on Wednesday, June 24th will be given a dividend of 0.061 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Wednesday, June 24th.
DWS Municipal Income Trust Trading Up 0.1%
KTF stock opened at $9.20 on Monday. The stock has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $9.11. DWS Municipal Income Trust has a 1 year low of $8.48 and a 1 year high of $9.37.
About DWS Municipal Income Trust
DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.
The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.
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