Deutsche Strategic Municipal Incom Trust (NYSE:KSM) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.05 per share by the investment management company on Wednesday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, February 16th.
Deutsche Strategic Municipal Incom Trust has decreased its dividend payment by an average of 10.9% per year over the last three years.
Shares of Deutsche Strategic Municipal Incom Trust (NYSE:KSM) opened at $11.08 on Thursday. Deutsche Strategic Municipal Incom Trust has a 52-week low of $10.93 and a 52-week high of $13.11.
Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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