DWS Strategic Municipal Income Trust Plans Monthly Dividend of $0.05 (NYSE:KSM)

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.

An institutional investor recently raised its position in DWS Strategic Municipal Income Trust stock. Invesco Ltd. increased its stake in shares of DWS Strategic Municipal Income Trust (NYSE:KSM) by 49.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 31,240 shares of the investment management company’s stock after purchasing an additional 10,293 shares during the period. Invesco Ltd. owned approximately 0.28% of DWS Strategic Municipal Income Trust worth $393,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 17.82% of the company’s stock.

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.

Read More: How is inflation measured?

Dividend History for DWS Strategic Municipal Income Trust (NYSE:KSM)

Receive News & Ratings for DWS Strategic Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Strategic Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.