DWS Strategic Municiple Income Trust (NYSE:KSM) declared a monthly dividend on Monday, October 9th, Wall Street Journal reports. Shareholders of record on Monday, October 16th will be given a dividend of 0.05 per share by the investment management company on Tuesday, October 31st. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Friday, October 13th.
DWS Strategic Municiple Income Trust has decreased its dividend payment by an average of 4.6% annually over the last three years.
DWS Strategic Municiple Income Trust (NYSE KSM) remained flat at $12.12 on Thursday. 9,300 shares of the stock were exchanged. DWS Strategic Municiple Income Trust has a 1-year low of $11.86 and a 1-year high of $13.41. The company has a 50-day moving average of $12.25 and a 200-day moving average of $12.50.
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About DWS Strategic Municiple Income Trust
Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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