DWS Strategic Municipal Income Trust (NYSE:KSM – Get Free Report) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Friday, April 19th will be paid a dividend of 0.0273 per share by the investment management company on Tuesday, April 30th. This represents a $0.33 annualized dividend and a yield of 3.46%. The ex-dividend date is Thursday, April 18th.
DWS Strategic Municipal Income Trust has decreased its dividend payment by an average of 12.2% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.
DWS Strategic Municipal Income Trust Stock Down 0.3 %
Shares of KSM stock opened at $9.47 on Wednesday. DWS Strategic Municipal Income Trust has a 1 year low of $7.25 and a 1 year high of $9.74. The stock’s 50-day moving average is $9.03 and its two-hundred day moving average is $8.49.
Insider Activity
Hedge Funds Weigh In On DWS Strategic Municipal Income Trust
Institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in DWS Strategic Municipal Income Trust by 12.2% during the third quarter. UBS Group AG now owns 14,017 shares of the investment management company’s stock worth $111,000 after purchasing an additional 1,524 shares in the last quarter. Baird Financial Group Inc. grew its holdings in DWS Strategic Municipal Income Trust by 15.4% during the first quarter. Baird Financial Group Inc. now owns 52,113 shares of the investment management company’s stock worth $539,000 after acquiring an additional 6,971 shares during the period. Cetera Investment Advisers acquired a new position in DWS Strategic Municipal Income Trust during the fourth quarter worth $92,000. Captrust Financial Advisors purchased a new position in DWS Strategic Municipal Income Trust in the second quarter worth $120,000. Finally, Bank of America Corp DE lifted its holdings in DWS Strategic Municipal Income Trust by 113.1% in the first quarter. Bank of America Corp DE now owns 49,803 shares of the investment management company’s stock valued at $515,000 after acquiring an additional 26,437 shares during the period. 53.77% of the stock is owned by institutional investors and hedge funds.
DWS Strategic Municipal Income Trust Company Profile
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.
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