DWS Municipal Income Trust (NYSE:KTF) to Issue Dividend Increase – $0.06 Per Share

DWS Municipal Income Trust (NYSE:KTF) announced a — dividend on Wednesday, January 8th,Wall Street Journal reports. Investors of record on Tuesday, January 21st will be paid a dividend of 0.061 per share by the investment management company on Friday, January 31st. This represents a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, January 21st. This is an increase from DWS Municipal Income Trust’s previous — dividend of $0.02.

DWS Municipal Income Trust has raised its dividend payment by an average of 9.3% per year over the last three years.

DWS Municipal Income Trust Stock Performance

NYSE KTF traded down $0.02 on Thursday, hitting $9.53. 78,817 shares of the company’s stock traded hands, compared to its average volume of 75,563. DWS Municipal Income Trust has a 1-year low of $8.72 and a 1-year high of $10.22. The firm’s 50-day moving average price is $9.80 and its two-hundred day moving average price is $9.79.

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.