Deutsche Strategic Municipal Incom Trust (NYSE:KSM) announced a monthly dividend on Thursday, May 11th. Shareholders of record on Friday, May 19th will be paid a dividend of 0.0575 per share by the investment management company on Wednesday, May 31st. This represents a $0.69 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Wednesday, May 17th.
Deutsche Strategic Municipal Incom Trust has decreased its dividend payment by an average of 4.6% annually over the last three years.
Shares of Deutsche Strategic Municipal Incom Trust (NYSE:KSM) traded up 0.94% during midday trading on Friday, hitting $12.84. The company’s stock had a trading volume of 6,578 shares. The company has a 50-day moving average price of $12.57 and a 200 day moving average price of $12.43. Deutsche Strategic Municipal Incom Trust has a 1-year low of $11.86 and a 1-year high of $15.01. The company has a market cap of $143.68 million, a P/E ratio of 329.23 and a beta of -0.04.
Deutsche Strategic Municipal Incom Trust Company Profile
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.