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

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Thursday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.061 per share by the investment management company on Friday, August 30th. This represents a $0.73 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend is Monday, August 19th.

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 Stock Performance

Shares of NYSE KTF remained flat at $9.73 during midday trading on Friday. 91,960 shares of the stock traded hands, compared to its average volume of 106,478. The firm’s 50 day moving average is $9.58 and its 200 day moving average is $9.32. DWS Municipal Income Trust has a 52-week low of $7.40 and a 52-week high of $9.82.

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.