Deutsche Multi-Market Income Trust (NYSE:KMM) declared a monthly dividend on Monday, March 12th, Wall Street Journal reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.035 per share by the investment management company on Thursday, March 29th. This represents a $0.42 annualized dividend and a yield of 4.76%. The ex-dividend date is Friday, March 16th.
Deutsche Multi-Market Income Trust has decreased its dividend payment by an average of 14.6% annually over the last three years.
Shares of Deutsche Multi-Market Income Trust (KMM) traded up $0.01 on Monday, hitting $8.82. 23,051 shares of the stock traded hands, compared to its average volume of 36,001. Deutsche Multi-Market Income Trust has a 52 week low of $8.50 and a 52 week high of $8.99.
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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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