DWS Municipal Income Trust (NYSE:KTF) Raises Dividend to $0.06 Per Share

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Friday, April 19th will be paid a dividend of 0.061 per share by the investment management company on Tuesday, April 30th. This represents a $0.73 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from DWS Municipal Income Trust's previous monthly dividend of $0.04.

DWS Municipal Income Trust has decreased its dividend payment by an average of 13.2% per year over the last three years and has raised its dividend every year for the last 1 years.

DWS Municipal Income Trust Stock Performance

Shares of NYSE:KTF traded down $0.03 during mid-day trading on Tuesday, hitting $9.53. 127,808 shares of the company traded hands, compared to its average volume of 112,125. DWS Municipal Income Trust has a 52-week low of $7.40 and a 52-week high of $9.68. The firm's 50 day simple moving average is $9.08 and its 200 day simple moving average is $8.60.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in DWS Municipal Income Trust by 6.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,100 shares of the investment management company's stock worth $173,000 after purchasing an additional 1,296 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of DWS Municipal Income Trust in the 2nd quarter worth approximately $29,000. Commonwealth Equity Services LLC grew its position in shares of DWS Municipal Income Trust by 15.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 35,902 shares of the investment management company's stock worth $319,000 after acquiring an additional 4,810 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of DWS Municipal Income Trust by 5.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 138,659 shares of the investment management company's stock worth $1,068,000 after acquiring an additional 6,765 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new position in shares of DWS Municipal Income Trust in the 1st quarter worth approximately $77,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

About DWS Municipal Income Trust

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.