Deutsche Municipal Income Trust said on April 6, 2023 that its board of directors declared a regular
monthly dividend of $0.03 per share ($0.32 annualized).
Previously, the company paid $0.03 per share.
Shares must be purchased before the ex-div date of April 14, 2023 to qualify for the dividend.
Shareholders of record as of April 17, 2023
will receive the payment on April 28, 2023.
At the current share price of $8.86 / share,
the stock’s dividend yield is 3.63%.
Looking back five years and taking a sample every week, the average dividend yield has been
4.62%,
the lowest has been 3.62%,
and the highest has been 5.75%.
The standard deviation of yields is 0.58 (n=196).
The current dividend yield is
1.70 standard deviations
below
the historical average.
The company’s 3-Year dividend growth rate is -0.14%.
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What is the Fund Sentiment?
There are 94 funds or institutions reporting positions in Deutsche Municipal Income Trust.
This is a decrease
of
3
owner(s) or 3.09% in the last quarter.
Average portfolio weight of all funds dedicated to KTF is 0.19%,
a decrease
of 21.95%.
Total shares owned by institutions increased
in the last three months by 0.05% to 18,747K shares.
What are Other Shareholders Doing?
HCBSX – The Intermediate Term Municipal Bond Ii Portfolio Hc Strategic Shares
holds 130K shares.
No change in the last quarter.
LPL Financial
holds 84K shares.
In it’s prior filing, the firm reported owning 122K shares, representing
a decrease
of 45.51%.
The firm
decreased
its portfolio allocation in KTF by 36.89% over the last quarter.
Susquehanna International Group, Llp
holds 18K shares.
In it’s prior filing, the firm reported owning 21K shares, representing
a decrease
of 16.02%.
The firm
decreased
its portfolio allocation in KTF by 12.75% over the last quarter.
Saba Capital Management
holds 281K shares.
SNTIX – Sit Tax-Free Income Fund
holds 93K shares.
No change in the last quarter.
DWS Municipal Income Trust Background Information
(This description is provided by the company.)
DWS Municipal Income Trust (the Fund), formerly Deutsche Municipal Income Trust, is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
