DWS Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.06 on December 30th

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Wednesday, December 18th will be given a dividend of 0.061 per share by the investment management company on Monday, December 30th. This represents a $0.73 annualized dividend and a dividend yield of 7.43%. The ex-dividend date is Wednesday, December 18th.

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

KTF stock opened at $9.85 on Monday. The firm has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $9.79. DWS Municipal Income Trust has a one year low of $8.71 and a one year high of $10.22.

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.