DWS Strategic Municiple Income Trust (NYSE:KSM) announced a monthly dividend on Monday, December 11th, Wall Street Journal reports. Investors of record on Monday, December 18th will be given a dividend of 0.05 per share by the investment management company on Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Friday, December 15th.
DWS Strategic Municiple Income Trust has decreased its dividend payment by an average of 4.6% annually over the last three years.
Shares of DWS Strategic Municiple Income Trust (KSM) opened at $11.94 on Thursday. DWS Strategic Municiple Income Trust has a fifty-two week low of $11.78 and a fifty-two week high of $13.11.
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DWS Strategic Municiple Income Trust Company Profile
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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