Deutsche Strategic Income Trust (KST) Declares Monthly Dividend of $0.04
Deutsche Strategic Income Trust (NYSE:KST) declared a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Stockholders of record on Friday, January 19th will be given a dividend of 0.044 per share by the investment management company on Wednesday, January 31st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Thursday, January 18th.
Deutsche Strategic Income Trust has decreased its dividend payment by an average of 19.5% per year over the last three years.
Deutsche Strategic Income Trust (NYSE KST) remained flat at $$12.61 during trading on Wednesday. 5,700 shares of the company traded hands, compared to its average volume of 5,283. Deutsche Strategic Income Trust has a 12 month low of $11.95 and a 12 month high of $12.66.
Deutsche Strategic Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide high current income. The Fund seeks to achieve its objective by investing its assets in a combination of lower-rated corporate fixed-income securities, fixed-income securities of emerging markets and other foreign issuers, and fixed-income securities of the United States government and its agencies and instrumentalities, and mortgage-backed issuers.
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