DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Friday, April 19th will be paid a dividend of 0.061 per share by the investment management company on Tuesday, April 30th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date is Thursday, April 18th. This is a boost from DWS Municipal Income Trust’s previous monthly dividend of $0.04.
DWS Municipal Income Trust has decreased its dividend payment by an average of 13.2% annually over the last three years and has increased its dividend every year for the last 1 years.
DWS Municipal Income Trust Stock Performance
KTF opened at $9.35 on Wednesday. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $9.68. The firm has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $8.65.
Institutional Investors Weigh In On DWS Municipal Income Trust
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.
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