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

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Tuesday, November 12th,Wall Street Journal reports. Investors of record on Wednesday, November 20th will be given a dividend of 0.061 per share by the investment management company on Friday, November 29th. This represents a $0.73 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Wednesday, November 20th.

DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% annually over the last three years.

DWS Municipal Income Trust Price Performance

DWS Municipal Income Trust stock traded down $0.05 during midday trading on Tuesday, reaching $9.91. The company’s stock had a trading volume of 123,675 shares, compared to its average volume of 140,735. DWS Municipal Income Trust has a fifty-two week low of $8.02 and a fifty-two week high of $10.22. The stock’s 50 day simple moving average is $9.93 and its 200 day simple moving average is $9.69.

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.