DWS Strategic Municipal Income Trust Announces Monthly Dividend of $0.04 (NYSE:KSM)


DWS Strategic Municipal Income Trust (NYSE:KSM – Get Rating) announced a monthly dividend on Monday, April 11, reports The Wall Street Journal. Shareholders of record on Tuesday, April 19 will receive a dividend of 0.04 per share from the investment management firm on Friday, April 29. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Monday, April 18.

KSM shares opened at $9.83 on Tuesday. DWS Strategic Municipal Income Trust has a 12 month minimum of $9.83 and a 12 month maximum of $12.99. The company’s fifty-day moving average is $10.61.

Several institutional investors and hedge funds have recently changed their holdings in the company. Wells Fargo & Company MN increased its stake in shares of DWS Strategic Municipal Income Trust by 4.6% during the fourth quarter. 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. LPL Financial LLC purchased a new stake in shares of DWS Strategic Municipal Income Trust during the fourth quarter at a value of $131,000. Invesco Ltd. increased its stake in shares of 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 during the period. Citadel Advisors LLC purchased a new equity stake in DWS Strategic Municipal Income Trust in the third quarter, valued at approximately $262,000. Finally, Morgan Stanley increased its holdings of DWS Strategic Municipal Income Trust shares by 7.5% in the third quarter. Morgan Stanley now owns 24,687 shares of the investment management company valued at $303,000 after acquiring 1,725 ​​additional shares last quarter. 34.74% of the shares are held by hedge funds and other institutional investors.

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.

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



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