DWS Municipal Income Trust (NYSE:KTF) Shareholders to Get $0.06 Monthly Dividend

DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Friday, October 9th. Stockholders of record on Wednesday, October 21st will be paid a dividend of $0.0610 per share by the investment management company on Friday, October 30th. This represents a $0.73 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Wednesday, October 21st.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock opened at $8.18 on Monday. The firm has a 50-day moving average price of $8.48 and a 200-day moving average price of $8.88. DWS Municipal Income Trust has a 12-month low of $7.95 and a 12-month high of $9.37.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other municipal debt obligations used to finance public infrastructure and essential services. Income and investment results can be affected by changes in interest rates, credit conditions, municipal finances and developments in the communities or projects supporting the securities.

DWS Municipal Income Trust is advised by DWS Investment Management Americas, Inc, part of the DWS asset-management organization.