DWS Strategic Municipal Income Trust (NYSE:KSM) to Issue Monthly Dividend of $0.03

DWS Strategic Municipal Income Trust (NYSE:KSM) declared a monthly dividend on Friday, June 7th, Wall Street Journal reports. Stockholders of record on Thursday, June 20th will be given a dividend of 0.026 per share by the investment management company on Friday, June 28th. This represents a $0.31 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, June 20th.

DWS Strategic Municipal Income Trust Stock Performance

NYSE:KSM opened at $9.76 on Tuesday. DWS Strategic Municipal Income Trust has a 12-month low of $7.25 and a 12-month high of $9.83. The stock’s fifty day simple moving average is $9.57 and its 200-day simple moving average is $9.07.

About DWS Strategic Municipal Income Trust

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.