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

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, September 9th, NASDAQ reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.061 per share by the investment management company on Monday, September 30th. This represents a $0.73 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Thursday, September 19th.

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 Performance

NYSE:KTF traded up $0.06 during mid-day trading on Tuesday, reaching $9.92. The stock had a trading volume of 44,919 shares, compared to its average volume of 120,783. DWS Municipal Income Trust has a 12 month low of $7.40 and a 12 month high of $9.92. The stock has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $9.45.

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.