DWS Strategic Municipal Income Trust (NYSE:KSM) to Issue — Dividend of $0.05

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DWS Strategic Municipal Income Trust (NYSE:KSM) declared a — dividend on Wednesday, September 11th, Wall Street Journal reports. Stockholders of record on Thursday, September 19th will be given a dividend of 0.0475 per share by the investment management company on Monday, September 30th. This represents a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 18th.

DWS Strategic Municipal Income Trust has decreased its dividend payment by an average of 8.2% annually over the last three years.

Shares of KSM stock traded down $0.06 during trading hours on Thursday, reaching $12.06. The stock had a trading volume of 3,665 shares, compared to its average volume of 29,356. DWS Strategic Municipal Income Trust has a twelve month low of $10.03 and a twelve month high of $12.68. The firm has a 50-day simple moving average of $12.18 and a 200-day simple moving average of $11.69.

In other DWS Strategic Municipal Income Trust news, Director John W. Ballantine acquired 2,335 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $12.26 per share, with a total value of $28,627.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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

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