DWS Strategic Municipal Income Trust (NYSE:KSM) to Issue Monthly Dividend of $0.03

DWS Strategic Municipal Income Trust (NYSE:KSM) declared a monthly dividend on Monday, July 8th, Wall Street Journal reports. Stockholders of record on Thursday, July 18th will be paid a dividend of 0.026 per share by the investment management company on Wednesday, July 31st. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, July 18th.

DWS Strategic Municipal Income Trust Stock Up 0.2 %

Shares of NYSE KSM traded up $0.02 during trading on Wednesday, reaching $9.90. 18,271 shares of the stock traded hands, compared to its average volume of 27,256. DWS Strategic Municipal Income Trust has a 52-week low of $7.25 and a 52-week high of $9.99. The company has a 50-day moving average of $9.68 and a 200-day moving average of $9.22.

About DWS Strategic Municipal Income Trust

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.