DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Tuesday, February 19th will be paid a dividend of 0.0425 per share by the investment management company on Thursday, February 28th. This represents a $0.51 annualized dividend and a yield of 4.76%. The ex-dividend date is Friday, February 15th.
DWS Municipal Income Trust has decreased its dividend by an average of 6.2% per year over the last three years.
KTF traded down $0.11 during trading on Monday, hitting $10.72. 210,740 shares of the stock traded hands, compared to its average volume of 111,837. DWS Municipal Income Trust has a twelve month low of $10.08 and a twelve month high of $11.65.
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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