Deutsche Strategic Municipal Incom Trust to Issue Monthly Dividend of $0.05 (KSM)

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.

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About Deutsche Strategic Municipal Incom Trust

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.

Dividend History for Deutsche Strategic Municipal Incom Trust (NYSE:KSM)

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