DWS Strategic Municipal Income Trust (NYSE:KSM) announced a monthly dividend on Monday, October 11th, Wall Street Journal reports. Shareholders of record on Monday, October 18th will be paid a dividend of 0.045 per share by the investment management company on Friday, October 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, October 15th.
DWS Strategic Municipal Income Trust has decreased its dividend by 19.0% over the last three years and has increased its dividend annually for the last 2 consecutive years.
KSM stock opened at $12.30 on Thursday. DWS Strategic Municipal Income Trust has a one year low of $10.45 and a one year high of $12.99. The firm’s 50 day moving average price is $12.58 and its 200-day moving average price is $12.37.
About DWS Strategic Municipal Income Trust
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
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