DWS Strategic Municipal Income Trust (NYSE:KSM) announced a monthly dividend on Monday, February 11th, Wall Street Journal reports. Investors of record on Tuesday, February 19th will be paid a dividend of 0.0475 per share by the investment management company on Thursday, February 28th. This represents a $0.57 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, February 15th.
DWS Strategic Municipal Income Trust has decreased its dividend by an average of 8.2% annually over the last three years.
Shares of NYSE KSM opened at $10.93 on Thursday. DWS Strategic Municipal Income Trust has a 12-month low of $10.03 and a 12-month high of $11.39.
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Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
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