Deutsche Strategic Municipal Incom Trust (NYSE:KSM) announced a monthly dividend on Monday, April 9th, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be given a dividend of 0.05 per share by the investment management company on Monday, April 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, April 13th.
Deutsche Strategic Municipal Incom Trust has decreased its dividend by an average of 10.9% per year over the last three years.
NYSE:KSM opened at $10.85 on Thursday. Deutsche Strategic Municipal Incom Trust has a fifty-two week low of $10.81 and a fifty-two 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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