DWS Strategic Municipal Income Trust (NYSE:KSM – Get Free Report) declared a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.026 per share by the investment management company on Friday, May 31st. This represents a $0.31 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, May 16th.
DWS Strategic Municipal Income Trust has decreased its dividend by an average of 13.9% per year over the last three years.
DWS Strategic Municipal Income Trust Price Performance
NYSE KSM remained flat at $9.60 on Wednesday. The company’s stock had a trading volume of 60,328 shares, compared to its average volume of 32,008. The company’s 50-day moving average price is $9.24 and its two-hundred day moving average price is $8.70. DWS Strategic Municipal Income Trust has a 52 week low of $7.25 and a 52 week high of $9.74.
Insider Activity at DWS Strategic Municipal Income Trust
DWS Strategic Municipal Income Trust Company Profile
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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