DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Monday, March 11th, Wall Street Journal reports. Investors of record on Monday, March 18th will be paid a dividend of 0.0425 per share by the investment management company on Friday, March 29th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Friday, March 15th.
DWS Municipal Income Trust has decreased its dividend by an average of 6.2% annually over the last three years.
Shares of NYSE:KTF opened at $10.90 on Thursday. DWS Municipal Income Trust has a fifty-two week low of $10.08 and a fifty-two week high of $11.31.
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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