DWS Municiple Income Trust (KTF) Announces Monthly Dividend of $0.05
DWS Municiple Income Trust (NYSE:KTF) announced a monthly dividend on Monday, November 13th, Wall Street Journal reports. Investors of record on Monday, November 20th will be given a dividend of 0.0525 per share by the investment management company on Thursday, November 30th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend is Friday, November 17th.
DWS Municiple Income Trust has decreased its dividend by an average of 0.3% per year over the last three years.
DWS Municiple Income Trust (KTF) traded down $0.02 during trading on Monday, reaching $11.87. The company had a trading volume of 123,300 shares, compared to its average volume of 103,388. DWS Municiple Income Trust has a fifty-two week low of $11.82 and a fifty-two week high of $13.73.
DWS Municiple Income Trust Company Profile
Deutsche Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, intends on being invested in municipal securities valued at the time of purchase within the four highest grades (Baa or BBB or better).
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