DWS Strategic Municipal Income Trust Director Purchases $13,380 in Stock (KSM)
DWS Strategic Municipal Income Trust (NYSE:KSM) Director Kenneth C. Froewiss acquired 1,000 shares of DWS Strategic Municipal Income Trust stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $13.38 per share, with a total value of $13,380.00. Following the completion of the acquisition, the director now directly owns 1,100 shares in the company, valued at approximately $14,718. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of DWS Strategic Municipal Income Trust (NYSE:KSM) traded down 0.22% on Tuesday, hitting $13.31. 1,880 shares of the company’s stock traded hands. DWS Strategic Municipal Income Trust has a one year low of $11.72 and a one year high of $13.85. The stock has a 50-day moving average of $13.33 and a 200-day moving average of $12.96.
The company also recently announced a monthly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 20th will be paid a dividend of $0.077 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Wednesday, June 18th.
DWS Strategic Municipal Income Trust (NYSE:KSM) is a closed-end, diversified management investment company.
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