DWS Strategic Municiple Income Trust (NYSE:KSM) declared a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Shareholders of record on Friday, January 19th will be given a dividend of 0.05 per share by the investment management company on Wednesday, January 31st. This represents a $0.60 annualized dividend and a yield of 5.13%. The ex-dividend date is Thursday, January 18th.
DWS Strategic Municiple Income Trust has decreased its dividend by an average of 10.9% annually over the last three years.
DWS Strategic Municiple Income Trust (NYSE KSM) opened at $11.69 on Wednesday. DWS Strategic Municiple Income Trust has a one year low of $11.64 and a one year high of $13.11.
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About DWS Strategic Municiple Income 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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