DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.061 per share by the investment management company on Monday, March 31st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Thursday, March 20th.
DWS Municipal Income Trust has raised its dividend by an average of 7.9% annually over the last three years.
DWS Municipal Income Trust Price Performance
DWS Municipal Income Trust stock opened at $9.39 on Tuesday. DWS Municipal Income Trust has a one year low of $8.92 and a one year high of $10.22. The stock’s 50 day moving average price is $9.55 and its 200 day moving average price is $9.75.
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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