DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Friday, July 10th. Investors of record on Wednesday, July 22nd will be paid a dividend of 0.061 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Wednesday, July 22nd.
DWS Municipal Income Trust Stock Down 0.1%
Shares of KTF opened at $9.16 on Monday. The firm’s 50 day moving average price is $9.14 and its 200 day moving average price is $9.12. DWS Municipal Income Trust has a twelve month low of $8.48 and a twelve month high of $9.37.
About DWS Municipal Income Trust
DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.
The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.
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