DWS Strategic Income Trust Announces Monthly Dividend of $0.04 (KST)
DWS Strategic Income Trust (NYSE:KST) declared a monthly dividend on Monday, July 10th, Wall Street Journal reports. Shareholders of record on Monday, July 17th will be paid a dividend of 0.04 per share by the investment management company on Monday, July 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, July 13th.
DWS Strategic Income Trust has decreased its dividend payment by an average of 16.5% annually over the last three years.
Shares of DWS Strategic Income Trust (NYSE:KST) traded up 0.07% during trading on Monday, reaching $12.35. The company’s stock had a trading volume of 6,079 shares. DWS Strategic Income Trust has a 12 month low of $11.55 and a 12 month high of $12.51. The stock’s 50 day moving average price is $12.40 and its 200-day moving average price is $12.19.
In other news, major shareholder Saba Capital Management, L.P. sold 19,390 shares of the firm’s stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $12.21, for a total transaction of $236,751.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 32,081 shares of company stock valued at $391,924. 1.00% of the stock is currently owned by company insiders.
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About DWS Strategic Income Trust
Deutsche Strategic Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide high current income. The Fund seeks to achieve its objective by investing its assets in a combination of lower-rated corporate fixed-income securities, fixed-income securities of emerging markets and other foreign issuers, and fixed-income securities of the United States government and its agencies and instrumentalities, and mortgage-backed issuers.
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