DWS Municipal Income Trust (NYSE:KTF – Get 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
About DWS Municipal Income Trust
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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