Deutsche Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.05 on December 29th
Deutsche Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Monday, December 11th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.0525 per share by the investment management company on Friday, December 29th. This represents a $0.63 annualized dividend and a yield of 5.25%. The ex-dividend date is Friday, December 15th.
Deutsche Municipal Income Trust has decreased its dividend payment by an average of 0.3% per year over the last three years.
Shares of Deutsche Municipal Income Trust (NYSE KTF) opened at $12.00 on Thursday. Deutsche Municipal Income Trust has a 52 week low of $11.72 and a 52 week high of $13.73.
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About Deutsche Municipal Income Trust
Deutsche Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, intends on being invested in municipal securities valued at the time of purchase within the four highest grades (Baa or BBB or better).
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