DWS Strategic Municipal Income Trust (KSM) Declares $0.03 Dividend
DWS Strategic Municipal Income Trust said on June 7, 2023 that its board of directors declared a regular monthly dividend of $0.03 per share ($0.35 annualized). Previously, the company paid $0.03 per share.
Shares must be purchased before the ex-div date of June 16, 2023 to qualify for the dividend. Shareholders of record as of June 20, 2023 will receive the payment on June 30, 2023.
At the current share price of $8.36 / share, the stock's dividend yield is 4.23%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.98%, the lowest has been 4.13%, and the highest has been 6.57%. The standard deviation of yields is 0.56 (n=196).
The current dividend yield is 1.33 standard deviations below the historical average.
The company's 3-Year dividend growth rate is -0.22%.
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