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

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Wednesday, December 18th will be given a dividend of 0.061 per share by the investment management company on Monday, December 30th. This represents a $0.73 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Wednesday, December 18th.

DWS Municipal Income Trust has decreased its dividend payment by an average of 14.9% annually over the last three years.

DWS Municipal Income Trust Stock Down 1.1 %

KTF stock opened at $9.85 on Monday. The stock’s 50 day moving average price is $9.95 and its 200 day moving average price is $9.79. DWS Municipal Income Trust has a 1 year low of $8.71 and a 1 year 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.