DWS Strategic Municipal Income Trust (NYSE:KSM) will issue a monthly dividend of $0.05

DWS Strategic Municipal Income Trust (NYSE: KSM- Get a rating) declared a monthly dividend on Friday, March 11, the wall street journal reports. Investors of record on Monday March 21 will be paid a dividend of 0.045 per share by the portfolio management company on Thursday March 31. This represents a dividend of $0.54 on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Friday, March 18.

DWS Strategic Municipal Income Trust has decreased its dividend by 5.3% over the past three years and has increased its dividend annually for the past 1 consecutive years.

NYSE KSM traded down $0.05 during Friday’s trading, hitting $10.58. The stock had trading volume of 58,327 shares, compared to an average volume of 25,984. DWS Strategic Municipal Income Trust has a one-year low of $10.52 and a one-year high of $12.99. The stock has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $12.05.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Invesco Ltd. increased its stake in DWS Strategic Municipal Income Trust by 69.2% during the fourth quarter. Invesco Ltd. now owns 114,872 shares of the investment management company valued at $1,397,000 after purchasing an additional 46,978 shares in the last quarter. Wells Fargo & Company MN increased its holdings of DWS Strategic Municipal Income Trust shares by 4.6% in Q4. Wells Fargo & Company MN now owns 32,712 shares of the investment management firm valued at $398,000 after purchasing an additional 1,439 shares during the period. Morgan Stanley increased its holdings of DWS Strategic Municipal Income Trust shares by 7.5% in Q3. Morgan Stanley now owns 24,687 shares of the investment management company valued at $303,000 after purchasing an additional 1,725 ​​shares during the period. Citadel Advisors LLC acquired a new equity position in DWS Strategic Municipal Income Trust in Q3, valued at approximately $262,000. Finally, LPL Financial LLC acquired a new equity position in DWS Strategic Municipal Income Trust in Q4, valued at approximately $131,000. 34.74% of the shares are currently held by hedge funds and other institutional investors.

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Company Profile DWS Strategic Municipal Income Trust (Get a rating)

Deutsche Strategic Municipal Income Trust is a closed-end fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc. The fund invests in the fixed income securities markets of the United States. It invests primarily in investment-grade or unrated municipal securities of comparable quality, as well as higher-yielding municipal securities of lower quality.

See also

Dividend history for DWS Strategic Municipal Income Trust (NYSE:KSM)

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