Deutsche Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Monday, March 12th, Wall Street Journal reports. Investors of record on Monday, March 19th will be given a dividend of 0.0525 per share by the investment management company on Thursday, March 29th. This represents a $0.63 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Friday, March 16th.
Deutsche Municipal Income Trust has decreased its dividend by an average of 3.6% per year over the last three years.
Deutsche Municipal Income Trust (NYSE:KTF) traded down $0.03 during trading on Tuesday, reaching $11.12. 30,664 shares of the company were exchanged, compared to its average volume of 133,300. Deutsche Municipal Income Trust has a twelve month low of $11.10 and a twelve month high of $13.72.
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About Deutsche Municipal Income Trust
Deutsche Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, intends on being invested in municipal securities valued at the time of purchase within the four highest grades (Baa or BBB or better).
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