DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Monday, October 7th, NASDAQ reports. Shareholders of record on Thursday, October 17th will be paid a dividend of 0.061 per share by the investment management company on Thursday, October 31st. This represents a $0.73 annualized dividend and a yield of 7.26%. The ex-dividend date of this dividend is Thursday, October 17th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% per year over the last three years.
DWS Municipal Income Trust Price Performance
DWS Municipal Income Trust stock opened at $10.08 on Wednesday. The firm has a 50 day simple moving average of $9.87 and a 200-day simple moving average of $9.63. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $10.14.
About DWS Municipal Income Trust
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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