DWS Strategic Municipal Income Trust to Issue Monthly Dividend of $0.02 (NYSE:KSM)

DWS Strategic Municipal Income Trust (NYSE:KSM) declared a monthly dividend on Monday, September 9th, NASDAQ reports. Investors of record on Thursday, September 19th will be paid a dividend of 0.023 per share by the investment management company on Monday, September 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Thursday, September 19th.

DWS Strategic Municipal Income Trust Stock Performance

Shares of KSM opened at $10.20 on Wednesday. The firm’s 50-day simple moving average is $10.04 and its 200 day simple moving average is $9.67. DWS Strategic Municipal Income Trust has a 52 week low of $7.25 and a 52 week high of $10.20.

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.