DWS Municipal Income Trust (NYSE:KTF) Announces Monthly Dividend of $0.06

DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Friday, January 9th. Stockholders of record on Wednesday, January 21st will be paid a dividend of 0.061 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Wednesday, January 21st. This is a 83.2% increase from DWS Municipal Income Trust’s previous monthly dividend of $0.03.

DWS Municipal Income Trust Trading Down 0.4%

Shares of KTF stock opened at $9.14 on Monday. DWS Municipal Income Trust has a 12 month low of $8.48 and a 12 month high of $9.77. The firm has a fifty day moving average price of $9.14 and a 200 day moving average price of $9.00.

Hedge Funds Weigh In On DWS Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in KTF. Dakota Wealth Management boosted its holdings in shares of DWS Municipal Income Trust by 2.6% in the 4th quarter. Dakota Wealth Management now owns 122,661 shares of the investment management company’s stock valued at $1,115,000 after buying an additional 3,100 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of DWS Municipal Income Trust during the fourth quarter worth about $89,000. NewEdge Advisors LLC acquired a new stake in shares of DWS Municipal Income Trust during the third quarter worth about $331,000. Citadel Advisors LLC purchased a new stake in shares of DWS Municipal Income Trust in the 3rd quarter valued at about $582,000. Finally, Seven Mile Advisory acquired a new stake in DWS Municipal Income Trust during the 3rd quarter worth $332,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.