DWS Municipal Income Trust (NYSE:KTF - Get Free Report) announced a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Monday, April 21st will be paid a dividend of 0.061 per share by the investment management company on Wednesday, April 30th. This represents a $0.73 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date is Monday, April 21st.
DWS Municipal Income Trust has increased its dividend payment by an average of 7.9% per year over the last three years.
DWS Municipal Income Trust Price Performance
Shares of NYSE:KTF traded up $0.13 on Monday, reaching $8.93. The company had a trading volume of 113,616 shares, compared to its average volume of 136,820. The stock has a 50-day moving average price of $9.43 and a 200 day moving average price of $9.65. DWS Municipal Income Trust has a twelve month low of $8.75 and a twelve month high of $10.22.
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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