DWS Strategic Municipal Income Trust (NYSE:KSM) Announces — Dividend of $0.05

DWS Strategic Municipal Income Trust (NYSE:KSM) announced a — dividend on Wednesday, September 11th, Wall Street Journal reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.0475 per share by the investment management company on Monday, September 30th. This represents a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 18th.

DWS Strategic Municipal Income Trust has decreased its dividend payment by an average of 8.2% per year over the last three years.

Shares of NYSE:KSM traded down $0.01 during trading on Wednesday, hitting $12.12. 21,031 shares of the company were exchanged, compared to its average volume of 29,356. DWS Strategic Municipal Income Trust has a 1-year low of $10.03 and a 1-year high of $12.68. The business’s 50 day moving average is $12.17 and its 200-day moving average is $11.68.

In other news, Director John W. Ballantine acquired 2,335 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $12.26 per share, with a total value of $28,627.10. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

About DWS Strategic Municipal Income Trust

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.

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Dividend History for DWS Strategic Municipal Income Trust (NYSE:KSM)

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