DWS Municipal Income Trust Plans Monthly Dividend of $0.06 (NYSE:KTF)

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Friday, May 8th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.061 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Wednesday, May 20th.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock opened at $9.00 on Monday. The stock’s fifty day moving average price is $9.09 and its two-hundred day moving average price is $9.13. DWS Municipal Income Trust has a one year low of $8.48 and a one year high of $9.37.

Hedge Funds Weigh In On DWS Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC increased its stake in DWS Municipal Income Trust by 1,020.0% during the 1st quarter. Kestra Advisory Services LLC now owns 31,079 shares of the investment management company’s stock worth $283,000 after acquiring an additional 28,304 shares during the period. NewEdge Advisors LLC increased its stake in shares of DWS Municipal Income Trust by 89.7% in the 4th quarter. NewEdge Advisors LLC now owns 68,473 shares of the investment management company’s stock valued at $622,000 after purchasing an additional 32,373 shares during the last quarter. &PARTNERS bought a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at $455,000. Royal Bank of Canada grew its position in DWS Municipal Income Trust by 26.0% during the 4th quarter. Royal Bank of Canada now owns 60,994 shares of the investment management company’s stock worth $554,000 after acquiring an additional 12,594 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in DWS Municipal Income Trust during the 4th quarter worth $2,973,000. Institutional investors own 57.71% of the company’s stock.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.