DWS Municipal Income Trust (NYSE:KTF - Get Free Report) announced a -- dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given a dividend of 0.0156 per share by the investment management company on Friday, January 10th. This represents a yield of 7.6%. The ex-dividend date of this dividend is Monday, December 30th.
DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% annually over the last three years.
DWS Municipal Income Trust Stock Performance
NYSE:KTF traded down $0.09 on Thursday, reaching $9.59. The stock had a trading volume of 103,093 shares, compared to its average volume of 139,088. The company has a 50-day moving average of $9.94 and a 200 day moving average of $9.79. DWS Municipal Income Trust has a 12-month low of $8.72 and a 12-month high of $10.22.
DWS Municipal Income Trust Company Profile
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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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