Deutsche Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Monday, March 12th, Wall Street Journal reports. Investors of record on Monday, March 19th will be paid a dividend of 0.0525 per share by the investment management company on Thursday, March 29th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Friday, March 16th.
Deutsche Municipal Income Trust has decreased its dividend by an average of 3.6% per year over the last three years.
Shares of Deutsche Municipal Income Trust (NYSE KTF) remained flat at $$11.27 during trading on Monday. The stock had a trading volume of 49,645 shares, compared to its average volume of 142,605. Deutsche Municipal Income Trust has a 12-month low of $11.11 and a 12-month high of $13.72.
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.