DWS Municipal Income Trust (NYSE:KTF - Get Free Report) announced a monthly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.061 per share by the investment management company on Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend is Thursday, February 20th.
DWS Municipal Income Trust has increased its dividend by an average of 7.9% annually over the last three years.
DWS Municipal Income Trust Stock Up 0.4 %
Shares of KTF traded up $0.04 during trading hours on Thursday, reaching $9.61. 113,735 shares of the stock traded hands, compared to its average volume of 77,494. DWS Municipal Income Trust has a 52-week low of $8.87 and a 52-week high of $10.22. The company's 50-day moving average price is $9.58 and its two-hundred day moving average price is $9.78.
About DWS Municipal Income Trust
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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.
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