DWS Municipal Income Trust (NYSE:KTF) Declares Dividend Increase – $0.06 Per Share

DWS Municipal Income Trust (NYSE:KTF) 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 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date is Thursday, April 18th. This is a boost 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% annually over the last three years and has increased its dividend every year for the last 1 years.

DWS Municipal Income Trust Stock Performance

KTF opened at $9.35 on Wednesday. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $9.68. The firm has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $8.65.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KTF. Pathstone Holdings LLC bought a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at about $16,666,000. Wells Fargo & Company MN boosted its stake in shares of DWS Municipal Income Trust by 9.8% in the 2nd quarter. Wells Fargo & Company MN now owns 304,045 shares of the investment management company’s stock valued at $2,858,000 after purchasing an additional 27,243 shares during the last quarter. Robinson Capital Management LLC boosted its stake in shares of DWS Municipal Income Trust by 133.3% in the 1st quarter. Robinson Capital Management LLC now owns 248,731 shares of the investment management company’s stock valued at $2,567,000 after purchasing an additional 142,125 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of DWS Municipal Income Trust by 179.2% in the 1st quarter. Rockefeller Capital Management L.P. now owns 221,958 shares of the investment management company’s stock valued at $1,975,000 after purchasing an additional 142,458 shares during the last quarter. Finally, Logan Stone Capital LLC boosted its stake in shares of DWS Municipal Income Trust by 656.1% in the 4th quarter. Logan Stone Capital LLC now owns 219,239 shares of the investment management company’s stock valued at $1,888,000 after purchasing an additional 190,242 shares during the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

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.