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

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.061 per share by the investment management company on Friday, May 31st. This represents a $0.73 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend is Thursday, May 16th.

DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

DWS Municipal Income Trust Trading Up 0.4 %

KTF traded up $0.04 on Wednesday, reaching $9.47. The company had a trading volume of 99,705 shares, compared to its average volume of 119,495. DWS Municipal Income Trust has a 52-week low of $7.40 and a 52-week high of $9.68. The business has a 50 day simple moving average of $9.21 and a 200 day simple moving average of $8.83.

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.