DWS Municipal Income Trust (NYSE:KTF) Shareholders Set to Receive $0.06 Monthly Dividend

DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Friday, October 9th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.0610 per share by the investment management company on Friday, October 30th. This represents a $0.73 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Wednesday, October 21st.

DWS Municipal Income Trust Price Performance

Shares of KTF opened at $8.18 on Monday. The firm has a fifty day moving average of $8.48 and a 200-day moving average of $8.88. DWS Municipal Income Trust has a 1 year low of $7.95 and a 1 year high of $9.37.

Institutional Trading of DWS Municipal Income Trust

Several hedge funds have recently bought and sold shares of KTF. Northwestern Mutual Wealth Management Co. boosted its position in shares of DWS Municipal Income Trust by 44.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company’s stock worth $66,000 after buying an additional 2,215 shares during the period. Worth Asset Management LLC bought a new position in DWS Municipal Income Trust in the 2nd quarter worth approximately $101,000. Susquehanna International Group LLP bought a new stake in DWS Municipal Income Trust during the 2nd quarter valued at $110,000. Readystate Asset Management LP acquired a new position in DWS Municipal Income Trust during the 2nd quarter worth $138,000. Finally, Envestnet Asset Management Inc. boosted its position in DWS Municipal Income Trust by 18.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,402 shares of the investment management company’s stock worth $178,000 after acquiring an additional 3,053 shares during the period. 57.71% of the stock is currently owned by institutional investors.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other municipal debt obligations used to finance public infrastructure and essential services. Income and investment results can be affected by changes in interest rates, credit conditions, municipal finances and developments in the communities or projects supporting the securities.

DWS Municipal Income Trust is advised by DWS Investment Management Americas, Inc, part of the DWS asset-management organization.