DWS Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.06 on June 30th

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Tuesday, June 10th, Wall Street Journal reports. Stockholders of record on Friday, June 20th will be paid a dividend of 0.061 per share by the investment management company on Monday, June 30th. This represents a $0.73 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Friday, June 20th.

DWS Municipal Income Trust Stock Performance

KTF opened at $8.82 on Thursday. The stock’s fifty day simple moving average is $8.99 and its 200 day simple moving average is $9.38. DWS Municipal Income Trust has a 1-year low of $8.75 and a 1-year high of $10.22.

About DWS Municipal Income Trust

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.