DWS Strategic Municiple Income Trust (KSM) Declares $0.05 Monthly Dividend
DWS Strategic Municiple Income Trust (NYSE:KSM) announced a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Investors of record on Friday, January 19th will be paid a dividend of 0.05 per share by the investment management company on Wednesday, January 31st. This represents a $0.60 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, January 18th.
DWS Strategic Municiple Income Trust has decreased its dividend payment by an average of 10.9% per year over the last three years.
Shares of DWS Strategic Municiple Income Trust (KSM) traded down $0.01 during trading hours on Thursday, hitting $11.76. The company had a trading volume of 1,121 shares, compared to its average volume of 27,100. DWS Strategic Municiple Income Trust has a 1-year low of $11.64 and a 1-year high of $13.11.
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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