DWS Strategic Municipal Income Trust (NYSE:KSM) Announces Monthly Dividend of $0.05

DWS Strategic Municipal Income Trust (NYSE:KSM) announced a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Stockholders of record on Monday, June 17th will be given a dividend of 0.0475 per share by the investment management company on Friday, June 28th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Friday, June 14th.

DWS Strategic Municipal Income Trust has decreased its dividend by an average of 8.2% annually over the last three years.

Shares of KSM stock traded down $0.03 during mid-day trading on Tuesday, reaching $11.75. 361 shares of the company were exchanged, compared to its average volume of 23,542. DWS Strategic Municipal Income Trust has a fifty-two week low of $10.03 and a fifty-two week high of $12.05.

A hedge fund recently raised its stake in DWS Strategic Municipal Income Trust stock. Morgan Stanley lifted its stake in shares of DWS Strategic Municipal Income Trust (NYSE:KSM) by 15.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,077 shares of the investment management company’s stock after buying an additional 2,064 shares during the quarter. Morgan Stanley owned approximately 0.13% of DWS Strategic Municipal Income Trust worth $169,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 9.05% of the company’s stock.

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About DWS Strategic Municipal Income Trust

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.

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Dividend History for DWS Strategic Municipal Income Trust (NYSE:KSM)

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