DWS Municipal Income Trust (NYSE:KTF – Get Free Report) declared a monthly dividend on Tuesday, November 12th,Wall Street Journal reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.061 per share by the investment management company on Friday, November 29th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Wednesday, November 20th.
DWS Municipal Income Trust has decreased its dividend by an average of 14.9% annually over the last three years.
DWS Municipal Income Trust Stock Down 0.5 %
NYSE KTF traded down $0.05 during trading on Tuesday, hitting $9.91. The company had a trading volume of 123,675 shares, compared to its average volume of 140,735. The company’s fifty day moving average is $9.93 and its 200-day moving average is $9.69. DWS Municipal Income Trust has a one year low of $8.02 and a one year high of $10.22.
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.
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