DWS Municipal Income Trust (KTF) Plans $0.04 Monthly Dividend

DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Tuesday, February 19th will be paid a dividend of 0.0425 per share by the investment management company on Thursday, February 28th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, February 15th.

DWS Municipal Income Trust has decreased its dividend by an average of 6.2% annually over the last three years.

Shares of NYSE:KTF traded down $0.11 during trading on Monday, reaching $10.72. 210,740 shares of the stock were exchanged, compared to its average volume of 111,837. DWS Municipal Income Trust has a 12 month low of $10.08 and a 12 month high of $11.65.

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DWS Municipal Income Trust Company Profile

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.

Further Reading: Stock Symbols and CUSIP Explained

Dividend History for DWS Municipal Income Trust (NYSE:KTF)

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