Deutsche Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.0525 per share by the investment management company on Wednesday, February 28th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, February 16th.
Deutsche Municipal Income Trust has decreased its dividend by an average of 3.6% annually over the last three years.
Shares of Deutsche Municipal Income Trust (KTF) remained flat at $$11.26 during trading hours on Monday. 291,013 shares of the company were exchanged, compared to its average volume of 171,835. Deutsche Municipal Income Trust has a fifty-two week low of $11.11 and a fifty-two week high of $13.73.
TRADEMARK VIOLATION NOTICE: This article was first reported by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/12/deutsche-municipal-income-trust-ktf-to-issue-0-05-monthly-dividend.html.
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).
Receive News & Ratings for Deutsche Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.