DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Monday, October 11th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Friday, October 15th.
DWS Municipal Income Trust has decreased its dividend by 33.8% over the last three years and has increased its dividend every year for the last 2 years.
Shares of NYSE KTF opened at $11.77 on Thursday. DWS Municipal Income Trust has a 1 year low of $10.76 and a 1 year high of $12.58. The firm’s 50-day moving average is $12.15 and its 200-day moving average is $12.09.
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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