DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Stockholders of record on Monday, April 21st will be paid a dividend of 0.061 per share by the investment management company on Wednesday, April 30th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend is Monday, April 21st.
DWS Municipal Income Trust has increased its dividend payment by an average of 7.9% annually over the last three years.
DWS Municipal Income Trust Stock Down 0.8 %
Shares of KTF traded down $0.07 during trading hours on Wednesday, hitting $8.95. The company had a trading volume of 224,819 shares, compared to its average volume of 137,583. The stock’s 50 day moving average price is $9.50 and its 200 day moving average price is $9.69. DWS Municipal Income Trust has a 52-week low of $8.76 and a 52-week high of $10.22.
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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