Deutsche Strategic Income Trust (NYSE:KST) declared a monthly dividend on Thursday, May 11th. Stockholders of record on Friday, May 19th will be given a dividend of 0.04 per share by the investment management company on Wednesday, May 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Wednesday, May 17th.
Deutsche Strategic Income Trust has decreased its dividend by an average of 16.5% annually over the last three years.
Deutsche Strategic Income Trust (NYSE:KST) traded down 0.878% during trading on Friday, hitting $12.181. 5,777 shares of the stock were exchanged. The stock’s 50 day moving average is $12.21 and its 200-day moving average is $12.04. Deutsche Strategic Income Trust has a one year low of $11.26 and a one year high of $12.42. The company has a market cap of $53.08 million, a price-to-earnings ratio of 14.214 and a beta of 0.55.
In other news, major shareholder Saba Capital Management, L.P. sold 4,808 shares of the firm’s stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $12.14, for a total transaction of $58,369.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 60,470 shares of company stock worth $738,278 over the last three months. Corporate insiders own 1.00% of the company’s stock.
Deutsche Strategic Income Trust Company Profile
Deutsche Strategic Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide high current income. The Fund seeks to achieve its objective by investing its assets in a combination of lower-rated corporate fixed-income securities, fixed-income securities of emerging markets and other foreign issuers, and fixed-income securities of the United States government and its agencies and instrumentalities, and mortgage-backed issuers.