Deutsche Strategic Municipal Incom Trust (NYSE:KSM) announced a monthly dividend on Monday, March 12th, Wall Street Journal reports. Stockholders of record on Monday, March 19th will be paid a dividend of 0.05 per share by the investment management company on Thursday, March 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Friday, March 16th.
Deutsche Strategic Municipal Incom Trust has decreased its dividend by an average of 10.9% annually over the last three years.
Shares of Deutsche Strategic Municipal Incom Trust (NYSE:KSM) traded up $0.02 during trading on Monday, hitting $11.00. 14,129 shares of the stock were exchanged, compared to its average volume of 31,224. Deutsche Strategic Municipal Incom Trust has a 52 week low of $10.93 and a 52 week high of $13.11.
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.