DWS Municipal Income Trust (NYSE:KTF – Get Free Report) declared a monthly dividend on Friday, June 7th, Wall Street Journal reports. Shareholders of record on Thursday, June 20th will be given a dividend of 0.061 per share by the investment management company on Friday, June 28th. This represents a $0.73 annualized dividend and a yield of 7.61%. The ex-dividend date is Thursday, June 20th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% per year over the last three years.
DWS Municipal Income Trust Trading Down 0.3 %
NYSE:KTF opened at $9.62 on Tuesday. The stock has a fifty day moving average price of $9.41 and a two-hundred day moving average price of $9.12. DWS Municipal Income Trust has a 1 year low of $7.40 and a 1 year high of $9.68.
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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