DWS Municipal Income Trust (NYSE:KTF) Announces Dividend Increase – $0.06 Per Share

by · The Markets Daily

DWS Municipal Income Trust (NYSE:KTF – Get Free Report) declared a — dividend on Thursday, January 9th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.061 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.7%. The ex-dividend date is Tuesday, January 21st. This is an increase from DWS Municipal Income Trust’s previous — dividend of $0.02.

DWS Municipal Income Trust has increased its dividend by an average of 9.3% annually over the last three years.

DWS Municipal Income Trust Trading Down 0.2 %

NYSE:KTF traded down $0.02 during trading hours on Thursday, reaching $9.53. The company’s stock had a trading volume of 78,817 shares, compared to its average volume of 75,563. DWS Municipal Income Trust has a one year low of $8.72 and a one year high of $10.22. The business’s 50-day moving average is $9.80 and its 200-day moving average is $9.79.

About DWS Municipal Income Trust

(Get Free Report)

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.

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