DWS Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.04 on March 28th

DWS Municipal Income Trust (NYSE:KTFGet Free Report) announced a monthly dividend on Friday, March 8th, Wall Street Journal reports. Stockholders of record on Wednesday, March 20th will be given a dividend of 0.035 per share by the investment management company on Thursday, March 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Tuesday, March 19th. This is a positive change from DWS Municipal Income Trust’s previous monthly dividend of $0.03.

DWS Municipal Income Trust has decreased its dividend by an average of 13.2% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

DWS Municipal Income Trust Stock Up 0.4 %

NYSE:KTF opened at $9.00 on Friday. The firm’s 50-day moving average price is $8.97 and its 200-day moving average price is $8.48. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $9.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors bought a new position in DWS Municipal Income Trust during the second quarter valued at approximately $29,000. Worth Asset Management LLC bought a new position in DWS Municipal Income Trust during the first quarter valued at approximately $77,000. Doyle Wealth Management bought a new position in DWS Municipal Income Trust during the first quarter valued at approximately $113,000. Jane Street Group LLC bought a new position in DWS Municipal Income Trust during the fourth quarter valued at approximately $161,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in DWS Municipal Income Trust by 6.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,100 shares of the investment management company’s stock worth $173,000 after acquiring an additional 1,296 shares during the period.

About DWS Municipal Income Trust

(Get Free Report)

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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Dividend History for DWS Municipal Income Trust (NYSE:KTF)

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