DWS Strategic Municipal Income Trust (NYSE:KSM) declared a monthly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Tuesday, February 19th will be paid a dividend of 0.0475 per share by the investment management company on Thursday, February 28th. This represents a $0.57 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, February 15th.
DWS Strategic Municipal Income Trust has decreased its dividend by an average of 8.2% annually over the last three years.
NYSE:KSM traded down $0.09 during trading hours on Monday, hitting $10.91. The stock had a trading volume of 62,639 shares, compared to its average volume of 38,112. DWS Strategic Municipal Income Trust has a one year low of $10.03 and a one year high of $11.39.
WARNING: “DWS Strategic Municipal Income Trust (KSM) to Issue $0.05 Monthly Dividend” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2019/02/11/dws-strategic-municipal-income-trust-ksm-to-issue-0-05-monthly-dividend.html.
DWS Strategic Municipal Income Trust Company Profile
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
Receive News & Ratings for DWS Strategic Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Strategic Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.