Deutsche Multi-Market Income Trust (NYSE:KMM) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.035 per share by the investment management company on Wednesday, February 28th. This represents a $0.42 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, February 16th.
Deutsche Multi-Market Income Trust has decreased its dividend payment by an average of 14.6% per year over the last three years.
Shares of Deutsche Multi-Market Income Trust (NYSE:KMM) remained flat at $$8.74 during trading on Monday. 39,999 shares of the company’s stock traded hands, compared to its average volume of 37,834. Deutsche Multi-Market Income Trust has a 12-month low of $8.50 and a 12-month high of $8.99.
About Deutsche Multi-Market Income Trust
Deutsche Multi-Market Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide high current income consistent with prudent total-return asset management. The Fund seeks to achieve its objective by investing its assets in a range of securities, such as United States corporate fixed-income securities and debt obligations of foreign governments, their agencies and instrumentalities, either of which may be denominated in foreign currencies, debt obligations of the United States government, and its agencies and instrumentalities and other income-producing securities, including securities that may be denominated in foreign currencies.
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