Deutsche Municipal Income Trust (KTF) Plans Monthly Dividend of $0.05

Deutsche Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Shareholders of record on Friday, January 19th will be given a dividend of 0.0525 per share by the investment management company on Wednesday, January 31st. This represents a $0.63 annualized dividend and a yield of 5.57%. The ex-dividend date is Thursday, January 18th.

Deutsche Municipal Income Trust has decreased its dividend by an average of 3.6% annually over the last three years.

Deutsche Municipal Income Trust (KTF) opened at $11.32 on Friday. Deutsche Municipal Income Trust has a 12-month low of $11.31 and a 12-month high of $13.73.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/02/deutsche-municipal-income-trust-announces-monthly-dividend-of-0-05-ktf.html.

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).

Dividend History for Deutsche Municipal Income Trust (NYSE:KTF)

Receive News & Ratings for Deutsche Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply