DWS Strategic Municiple Income Trust (KSM) To Go Ex-Dividend on December 15th
DWS Strategic Municiple Income Trust (NYSE:KSM) announced a monthly dividend on Monday, December 11th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.05 per share by the investment management company on Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, December 15th.
DWS Strategic Municiple Income Trust has decreased its dividend payment by an average of 4.6% per year over the last three years.
Shares of DWS Strategic Municiple Income Trust (NYSE KSM) opened at $11.94 on Thursday. DWS Strategic Municiple Income Trust has a 12 month low of $11.78 and a 12 month high of $13.11.
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Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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