DWS Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.06 on May 31st

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.061 per share by the investment management company on Friday, May 31st. This represents a $0.73 annualized dividend and a yield of 7.72%. The ex-dividend date is Thursday, May 16th.

DWS Municipal Income Trust has decreased its dividend by an average of 14.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

DWS Municipal Income Trust Stock Performance

Shares of KTF opened at $9.49 on Friday. DWS Municipal Income Trust has a 1 year low of $7.40 and a 1 year high of $9.68. The business has a 50-day moving average of $9.24 and a 200-day moving average of $8.84.

About DWS Municipal Income Trust

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.