DWS Municipal Income Trust (NYSE:KTF) Plans $0.04 Monthly Dividend

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.

A hedge fund recently raised its stake in DWS Municipal Income Trust stock. Morgan Stanley increased its position in shares of DWS Municipal Income Trust (NYSE:KTF) by 14.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,492 shares of the investment management company’s stock after buying an additional 12,112 shares during the quarter. Morgan Stanley owned 0.24% of DWS Municipal Income Trust worth $1,143,000 as of its most recent SEC filing. 33.15% of the stock is owned by institutional investors and hedge funds.

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.

Read More: What is the QQQ ETF?

Dividend History for DWS Municipal Income Trust (NYSE:KTF)

Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.