DWS Municipal Income Trust (KTF) to Distribute Monthly Dividend of $0.06 on July 31st

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Friday, July 10th. Stockholders of record on Wednesday, July 22nd will be paid a dividend of 0.061 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Wednesday, July 22nd.

DWS Municipal Income Trust Trading Down 0.1%

Shares of KTF opened at $9.16 on Monday. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $9.37. The stock has a fifty day moving average of $9.14 and a 200-day moving average of $9.12.

Hedge Funds Weigh In On DWS Municipal Income Trust

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at about $25,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in DWS Municipal Income Trust during the 4th quarter worth approximately $89,000. GM Advisory Group LLC bought a new stake in DWS Municipal Income Trust during the 4th quarter worth approximately $93,000. Worth Asset Management LLC acquired a new position in DWS Municipal Income Trust in the 2nd quarter valued at approximately $101,000. Finally, Osaic Holdings Inc. raised its stake in shares of DWS Municipal Income Trust by 15.7% during the second quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,902 shares during the last quarter. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Company Profile

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.