DWS Municipal Income Trust (NYSE:KTF) to Issue Monthly Dividend of $0.06

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, March 10th, Wall Street Journal reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.061 per share by the investment management company on Monday, March 31st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Thursday, March 20th.

DWS Municipal Income Trust has raised its dividend by an average of 7.9% annually over the last three years.

DWS Municipal Income Trust Stock Performance

KTF stock traded up $0.04 during trading on Monday, hitting $9.51. The company had a trading volume of 83,510 shares, compared to its average volume of 136,372. The business has a 50 day moving average of $9.56 and a 200 day moving average of $9.77. DWS Municipal Income Trust has a fifty-two week low of $8.92 and a fifty-two week high of $10.22.

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.