DWS Municipal Income Trust Announces Monthly Dividend of $0.06 (NYSE:KTF)

DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Friday, February 7th,Wall Street Journal reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.061 per share by the investment management company on Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 7.63%. The ex-dividend date of this dividend is Thursday, February 20th.

DWS Municipal Income Trust has raised its dividend payment by an average of 7.9% per year over the last three years.

DWS Municipal Income Trust Stock Performance

NYSE:KTF opened at $9.60 on Tuesday. The firm has a 50-day moving average price of $9.56 and a two-hundred day moving average price of $9.78. DWS Municipal Income Trust has a twelve month low of $8.87 and a twelve month 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.