DWS Municipal Income Trust (NYSE:KTF) Announces $0.04 Monthly Dividend
DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Friday, September 11th, Wall Street Journal reports. Shareholders of record on Monday, September 21st will be paid a dividend of 0.04 per share by the investment management company on Wednesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Friday, September 18th.
DWS Municipal Income Trust has decreased its dividend by 37.8% over the last three years and has increased its dividend every year for the last 1 years.
Shares of NYSE KTF opened at $11.31 on Wednesday. The business has a 50-day moving average of $11.31 and a two-hundred day moving average of $10.83. DWS Municipal Income Trust has a 1 year low of $8.35 and a 1 year high of $11.95.
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.
Read More: Understanding the two types of arbitrage
Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.