DWS Strategic Municiple Income Trust (NYSE:KSM) announced a monthly dividend on Monday, November 13th, Wall Street Journal reports. Shareholders of record on Monday, November 20th will be given a dividend of 0.05 per share by the investment management company on Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Friday, November 17th.
DWS Strategic Municiple Income Trust has decreased its dividend payment by an average of 4.6% per year over the last three years.
DWS Strategic Municiple Income Trust (KSM) remained flat at $$11.93 during trading on Monday. 16,400 shares of the company’s stock were exchanged, compared to its average volume of 22,733. DWS Strategic Municiple Income Trust has a twelve month low of $11.81 and a twelve month high of $13.11.
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About DWS Strategic Municiple Income Trust
Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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