Deutsche Strategic Municipal Incom Trust (NYSE:KSM) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be given a dividend of 0.05 per share by the investment management company on Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Friday, February 16th.
Deutsche Strategic Municipal Incom Trust has decreased its dividend by an average of 10.9% per year over the last three years.
Deutsche Strategic Municipal Incom Trust (NYSE KSM) traded down $0.02 during trading hours on Monday, hitting $11.02. 49,027 shares of the stock were exchanged, compared to its average volume of 37,325. Deutsche Strategic Municipal Incom Trust has a 1 year low of $10.93 and a 1 year high of $13.11.
COPYRIGHT VIOLATION NOTICE: “Deutsche Strategic Municipal Incom Trust to Issue Monthly Dividend of $0.05 (KSM)” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/12/deutsche-strategic-municipal-incom-trust-to-issue-monthly-dividend-of-0-05-ksm.html.
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.
Receive News & Ratings for Deutsche Strategic Municipal Incom Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Strategic Municipal Incom Trust and related companies with MarketBeat.com's FREE daily email newsletter.