DWS Municipal Income Trust (KTF) to Issue Monthly Dividend of $0.06 on June 30th

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Monday, June 8th. Stockholders of record on Wednesday, June 24th will be given a dividend of 0.061 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Wednesday, June 24th.

DWS Municipal Income Trust Price Performance

KTF opened at $9.15 on Wednesday. The firm has a 50 day moving average price of $9.08 and a 200-day moving average price of $9.10. DWS Municipal Income Trust has a twelve month low of $8.48 and a twelve month high of $9.37.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KTF. Focus Partners Wealth bought a new stake in DWS Municipal Income Trust during the fourth quarter valued at approximately $2,973,000. Bank of America Corp DE grew its position in DWS Municipal Income Trust by 162.5% during the first quarter. Bank of America Corp DE now owns 463,366 shares of the investment management company’s stock valued at $4,217,000 after buying an additional 286,839 shares during the period. Citadel Advisors LLC bought a new stake in DWS Municipal Income Trust during the third quarter valued at approximately $582,000. LPL Financial LLC grew its position in DWS Municipal Income Trust by 11.7% during the fourth quarter. LPL Financial LLC now owns 553,077 shares of the investment management company’s stock valued at $5,027,000 after buying an additional 58,031 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in DWS Municipal Income Trust during the second quarter valued at approximately $503,000. 57.71% of the stock is owned by hedge funds and other institutional investors.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.