Deutsche Strategic Municipal Incom Trust (NYSE:KSM) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Tuesday, February 20th will be given a dividend of 0.05 per share by the investment management company on Wednesday, February 28th. This represents a $0.60 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Friday, February 16th.
Deutsche Strategic Municipal Incom Trust has decreased its dividend by an average of 10.9% per year over the last three years.
Deutsche Strategic Municipal Incom Trust (KSM) traded up $0.01 during trading on Tuesday, reaching $11.03. 2,043 shares of the company’s stock traded hands, compared to its average volume of 36,083. Deutsche Strategic Municipal Incom Trust has a 52-week low of $10.93 and a 52-week high of $13.11.
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About Deutsche Strategic Municipal Incom Trust
Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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