DWS Strategic Municipal Income Trust (KSM) to Issue Monthly Dividend of $0.03 on August 31st

Posted by on Aug 10th, 2023

DWS Strategic Municipal Income Trust (NYSE:KSM – Get Free Report) declared a monthly dividend on Tuesday, August 8th, NASDAQ reports. Shareholders of record on Friday, August 18th will be paid a dividend of 0.0295 per share by the investment management company on Thursday, August 31st. This represents a $0.35 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, August 17th.

DWS Strategic Municipal Income Trust has decreased its dividend by an average of 6.3% annually over the last three years.

DWS Strategic Municipal Income Trust Trading Up 0.1 %

DWS Strategic Municipal Income Trust stock opened at $8.27 on Thursday. DWS Strategic Municipal Income Trust has a 1-year low of $7.47 and a 1-year high of $9.84. The firm has a 50-day moving average of $8.40 and a 200-day moving average of $8.43.

Hedge Funds Weigh In On DWS Strategic Municipal Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC raised its position in shares of DWS Strategic Municipal Income Trust by 82.2% in the 1st quarter. Rivernorth Capital Management LLC now owns 165,610 shares of the investment management company’s stock worth $1,712,000 after acquiring an additional 74,726 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of DWS Strategic Municipal Income Trust by 23.6% during the 1st quarter. Invesco Ltd. now owns 141,948 shares of the investment management company’s stock valued at $1,468,000 after buying an additional 27,076 shares in the last quarter. Logan Stone Capital LLC grew its position in shares of DWS Strategic Municipal Income Trust by 165.1% in the 4th quarter. Logan Stone Capital LLC now owns 128,840 shares of the investment management company’s stock worth $1,053,000 after buying an additional 80,244 shares during the period. Robinson Capital Management LLC lifted its position in DWS Strategic Municipal Income Trust by 445.5% during the 1st quarter. Robinson Capital Management LLC now owns 77,997 shares of the investment management company’s stock valued at $806,000 after acquiring an additional 63,698 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in DWS Strategic Municipal Income Trust by 50.3% during the fourth quarter. Baird Financial Group Inc. now owns 74,301 shares of the investment management company’s stock worth $607,000 after acquiring an additional 24,862 shares in the last quarter.

DWS Strategic Municipal Income Trust Company Profile

(Get Free Report)

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.

Featured Articles

Dividend History for DWS Strategic Municipal Income Trust (NYSE:KSM)

Receive News & Ratings for DWS Strategic Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Strategic Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.