DWS Strategic Income Trust Announces Monthly Dividend of $0.04 (KST)
DWS Strategic Income Trust (NYSE:KST) announced a monthly dividend on Monday, December 11th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.044 per share by the investment management company on Friday, December 29th. This represents a $0.53 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, December 15th.
DWS Strategic Income Trust has decreased its dividend by an average of 16.5% annually over the last three years.
Shares of DWS Strategic Income Trust (KST) traded down $0.02 during trading on Monday, hitting $12.42. The stock had a trading volume of 1,400 shares, compared to its average volume of 10,997. DWS Strategic Income Trust has a 12 month low of $11.72 and a 12 month high of $12.54.
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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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