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.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2019/02/11/dws-municipal-income-trust-ktf-plans-0-04-monthly-dividend.html.
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
Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.