DWS Strategic Municipal Income Trust (NYSE:KSM) declared a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Stockholders of record on Monday, June 17th will be paid a dividend of 0.0475 per share by the investment management company on Friday, June 28th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, June 14th.
DWS Strategic Municipal Income Trust has decreased its dividend payment by an average of 8.2% per year over the last three years.
Shares of KSM stock opened at $11.82 on Thursday. DWS Strategic Municipal Income Trust has a 12-month low of $10.03 and a 12-month high of $12.05.
An institutional investor recently raised its position in DWS Strategic Municipal Income Trust stock. Morgan Stanley raised its holdings in shares of DWS Strategic Municipal Income Trust (NYSE:KSM) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,077 shares of the investment management company’s stock after purchasing an additional 2,064 shares during the period. Morgan Stanley owned 0.13% of DWS Strategic Municipal Income Trust worth $169,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.05% of the company’s stock.
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DWS Strategic Municipal Income Trust Company Profile
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
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