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.
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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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