DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a — dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Tuesday, January 21st will be paid a dividend of 0.061 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.7%. The ex-dividend date is Tuesday, January 21st. This is a boost from DWS Municipal Income Trust’s previous — dividend of $0.02.
DWS Municipal Income Trust has increased its dividend payment by an average of 9.3% annually over the last three years.
DWS Municipal Income Trust Stock Performance
DWS Municipal Income Trust stock opened at $9.50 on Friday. DWS Municipal Income Trust has a one year low of $8.72 and a one year high of $10.22. The company has a 50-day simple moving average of $9.74 and a 200-day simple moving average of $9.79.
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.
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