DWS Municipal Income Trust
KTFFinancial Services · Stock · monthly payer
Forward Yield
8.67%
Annual Dividend
$0.73
Payout Ratio
84%
5-Yr Growth
8.4%
Ex-Date
Sep 23, 2026
Frequency
Monthly
Summary
As of September 2026, DWS Municipal Income Trust (KTF) yields 8.67% ($0.73 per share annually), with a blended fair-value estimate of $20.74 — +146% upside, so it screens as undervalued. Dividend safety grade: C (58/100). 2 years of dividend growth.
Is KTF a good dividend stock?
Yes, with caveatsDWS Municipal Income Trust (KTF) pays a monthly dividend yielding 8.67% ($0.73/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 8.4% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.67%
- Payout Ratio
- 84%
- Annual Dividend
- $0.73
- 5-Yr Avg Growth
- 8.4%
- Ex-Dividend Date
- Sep 23, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.52
- Market Cap
- $328.8M
- P/E Ratio
- 9.6
- 5-Yr Total Return
- -28%
- 52-Week Range
- $8.36 – $9.37
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
KTF Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+13%
5 Years
-28%
52-Week Range
$8.36 – $9.37
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KTF worth?
Undervaluedlow confidenceOur blended fair-value estimate for DWS Municipal Income Trust is $20.74 per share, versus a market price of $8.44. That implies 146% of upside — a margin of safety of about 59%.
Fair Value
$20.74
Current Price
$8.44
Upside
+146%
Margin of Safety
59%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -4.7% annual free-cash-flow growth. We model 8.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 8.8% stage-1 growth, 2.5% terminal growth, $0.87 EPS, $0.73 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
KTF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 19, 2026 | — | $0.0610 | regular |
| Jul 22, 2026 | — | $0.0610 | regular |
| Jun 24, 2026 | — | $0.0610 | regular |
| May 20, 2026 | — | $0.0610 | regular |
| Apr 22, 2026 | — | $0.0610 | regular |
| Mar 20, 2026 | — | $0.0610 | regular |
| Feb 20, 2026 | — | $0.0610 | regular |
| Jan 21, 2026 | — | $0.0610 | regular |
| Dec 30, 2025 | — | $0.0330 | regular |
| Dec 19, 2025 | — | $0.0610 | regular |
| Nov 20, 2025 | — | $0.0610 | regular |
| Oct 20, 2025 | — | $0.0610 | regular |
| Sep 19, 2025 | — | $0.0610 | regular |
| Aug 19, 2025 | — | $0.0610 | regular |
Income Calculator
At $0.73 / yr per share
