DWS Strategic Municiple Income Trust (KSM) to Issue $0.05 Monthly Dividend
DWS Strategic Municiple Income Trust (NYSE:KSM) declared a monthly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.0525 per share by the investment management company on Thursday, August 31st. This represents a $0.63 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Wednesday, August 16th.
DWS Strategic Municiple Income Trust has decreased its dividend payment by an average of 4.6% per year over the last three years.
DWS Strategic Municiple Income Trust (NYSE:KSM) traded down 1.11% on Wednesday, hitting $12.46. 75,319 shares of the stock traded hands. The stock has a 50-day moving average of $12.56 and a 200-day moving average of $12.54. DWS Strategic Municiple Income Trust has a 12-month low of $11.86 and a 12-month high of $14.94.
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DWS Strategic Municiple Income Trust Company Profile
Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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