Deutsche Strategic Income Trust (NYSE:KST) declared a monthly dividend on Monday, March 12th, Wall Street Journal reports. Shareholders of record on Monday, March 19th will be paid a dividend of 0.044 per share by the investment management company on Thursday, March 29th. This represents a $0.53 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, March 16th.
Deutsche Strategic Income Trust has decreased its dividend payment by an average of 19.5% per year over the last three years.
Shares of Deutsche Strategic Income Trust (NYSE KST) traded down $0.07 on Monday, reaching $12.25. 1,130 shares of the company’s stock were exchanged, compared to its average volume of 8,269. Deutsche Strategic Income Trust has a 1 year low of $11.98 and a 1 year high of $12.66.
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Deutsche Strategic Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide high current income. The Fund seeks to achieve its objective by investing its assets in a combination of lower-rated corporate fixed-income securities, fixed-income securities of emerging markets and other foreign issuers, and fixed-income securities of the United States government and its agencies and instrumentalities, and mortgage-backed issuers.
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