DWS Municipal Income Trust (NYSE:KTF) Declares Monthly Dividend of $0.04

DWS Municipal Income Trust (NYSE:KTFGet Rating) announced a monthly dividend on Monday, April 11th, Wall Street Journal reports. Shareholders of record on Tuesday, April 19th will be paid a dividend of 0.035 per share by the investment management company on Friday, April 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, April 18th.

Shares of KTF traded down $0.34 during trading on Monday, reaching $9.76. 53,374 shares of the company traded hands, compared to its average volume of 70,765. The business’s 50-day moving average is $10.57. DWS Municipal Income Trust has a twelve month low of $9.76 and a twelve month high of $12.58.

Several hedge funds and other institutional investors have recently bought and sold shares of KTF. Morgan Stanley boosted its stake in shares of DWS Municipal Income Trust by 14.9% in the second quarter. Morgan Stanley now owns 93,492 shares of the investment management company’s stock valued at $1,143,000 after purchasing an additional 12,112 shares during the period. Wells Fargo & Company MN boosted its stake in shares of DWS Municipal Income Trust by 153.1% in the second quarter. Wells Fargo & Company MN now owns 164,243 shares of the investment management company’s stock valued at $2,008,000 after purchasing an additional 99,344 shares during the period. UBS Group AG boosted its stake in shares of DWS Municipal Income Trust by 2.8% in the third quarter. UBS Group AG now owns 205,608 shares of the investment management company’s stock valued at $2,447,000 after purchasing an additional 5,506 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in DWS Municipal Income Trust by 11.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 1,169,578 shares of the investment management company’s stock worth $13,824,000 after acquiring an additional 118,903 shares during the last quarter. 38.39% of the stock is owned by institutional investors and hedge funds.

About DWS Municipal Income Trust (Get Rating)

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.

Further Reading

Dividend History for DWS Municipal Income Trust (NYSE:KTF)

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