Deutsche Strategic Income Trust (NYSE:KST) announced a monthly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be paid a dividend of 0.042 per share by the investment management company on Thursday, August 31st. This represents a $0.50 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, August 16th. This is a positive change from Deutsche Strategic Income Trust’s previous monthly dividend of $0.04.
Deutsche Strategic Income Trust has decreased its dividend payment by an average of 16.5% annually over the last three years.
Shares of Deutsche Strategic Income Trust (KST) traded up 0.41% during midday trading on Friday, hitting $12.31. The stock had a trading volume of 31,594 shares. The stock’s 50 day moving average price is $12.35 and its 200 day moving average price is $12.28. Deutsche Strategic Income Trust has a 12 month low of $11.55 and a 12 month high of $12.51.
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.
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