DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Friday, September 11th, Wall Street Journal reports. Shareholders of record on Monday, September 21st will be paid a dividend of 0.04 per share by the investment management company on Wednesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Friday, September 18th.
DWS Municipal Income Trust has decreased its dividend payment by 37.8% over the last three years and has increased its dividend every year for the last 1 years.
Shares of KTF stock opened at $11.31 on Wednesday. The business’s 50 day moving average is $11.31 and its two-hundred day moving average is $10.83. DWS Municipal Income Trust has a 12-month low of $8.35 and a 12-month high of $11.95.
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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