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  • DWS Strategic Municipal Income Trust (NYSE:KSM) plans monthly dividend of $0.04

DWS Strategic Municipal Income Trust (NYSE:KSM) plans monthly dividend of $0.04

By on May 10, 2022 0

DWS Strategic Municipal Income Trust (NYSE: KSMGet a rating) declared a monthly dividend on Tuesday, May 10, the wall street journal reports. Shareholders of record on Monday, May 16 will receive a dividend of 0.04 per share from the investment management firm on Tuesday, May 31. This represents an annualized dividend of $0.48 and a dividend yield of 5.11%. The ex-dividend date is Friday, May 13.

DWS Strategic Municipal Income Trust has reduced its dividend by an average of 3.5% per year over the past three years.

NYSE: KSM traded at $0.03 during midday trading on Tuesday, hitting $9.40. 21,953 shares of the stock traded in hands, compared to its average volume of 27,252. The company has a fifty-day moving average of $10.04. DWS Strategic Municipal Income Trust has a 12 month minimum of $9.29 and a 12 month maximum of $12.99.

Several hedge funds have recently increased or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of DWS Strategic Municipal Income Trust by 4.6% in the fourth quarter. Wells Fargo & Company MN now owns 32,712 shares of the investment management company valued at $398,000 after acquiring 1,439 additional shares during the period. Morgan Stanley increased its holdings in DWS Strategic Municipal Income Trust by 7.5% in the third quarter. Morgan Stanley now owns 24,687 shares of the investment management company worth $303,000 after buying 1,725 ​​additional shares during the period. Invesco Ltd. increased its holdings in DWS Strategic Municipal Income Trust by 49.1% in the second quarter. Invesco Ltd. now owns 31,240 shares of the investment management company worth $393,000 after purchasing an additional 10,293 shares during the period. LPL Financial LLC acquired a new stake in DWS Strategic Municipal Income Trust in the fourth quarter worth approximately $131,000. Finally, Citadel Advisors LLC acquired a new stake in DWS Strategic Municipal Income Trust in the third quarter worth approximately $262,000. Hedge funds and other institutional investors hold 36.14% of the company’s shares.

About 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.

Further reading

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



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