DWS Municipal Income Trust Plans Monthly Dividend of $0.04 (KTF)
DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Monday, April 15th will be given a dividend of 0.0425 per share by the investment management company on Tuesday, April 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, April 12th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 6.2% annually over the last three years.
Shares of KTF opened at $11.04 on Thursday. DWS Municipal Income Trust has a 52-week low of $10.08 and a 52-week high of $11.24.
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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