DWS Municipal Income Trust (NYSE:KTF) declared a — dividend on Wednesday, September 11th, Wall Street Journal reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.0425 per share by the investment management company on Monday, September 30th. This represents a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 18th.
DWS Municipal Income Trust has decreased its dividend by an average of 6.2% per year over the last three years.
KTF stock traded down $0.08 during midday trading on Thursday, hitting $11.55. The company’s stock had a trading volume of 600 shares, compared to its average volume of 77,511. The stock’s 50-day moving average price is $11.64 and its 200 day moving average price is $11.24. DWS Municipal Income Trust has a 1 year low of $10.08 and a 1 year high of $11.86.
DWS Municipal Income Trust Company Profile
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.
Further Reading: Return on Investment (ROI)
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