profit from every $100 of sales.
$0$100
DWS Municipal Income
$8.23+0.00% today
-11.9% in 1 year
1-year low $7.971-year high $9.34
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2024.
0%20% a year
You pay $9.33 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What DWS Municipal Income sold, what it kept, and what it did with the cash.
Sales went from -$91.0 million in 2022 to -$5.42 million in 2025, with -$5.70 million of profit last year.
SalesProfit
DWS Municipal Income handed back 100% of the cash it generated last year.
$29M
Free cash flow 2025$29M
Bought back its own shares–
Paid as dividends$29M
DWS Municipal Income vs. similar companies
DWS Municipal Income grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| DWS Municipal Income | 9.3× · Cheap | ||
 PIMCO Dynamic Income Fund | 8.4× · Cheap | ||
 Nuveen AMT-Free Quality Municipal Income Fund | 36.9× · Expensive | ||
 Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 6.9× · Cheap | ||
 Nuveen Preferred & Income Opportunities Fund | 6.7× · Cheap |
AI analysis
An AI analyst reads DWS Municipal Income's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -91 | 16 | 35 | -5 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| -91 | 15 | 35 | -6 | |
| -2.32 | 0.39 | 0.89 | -0.14 | |
| – | – | – | – | |
| – | – | – | – | |
| 100.4% | 97.9% | 98.6% | 105.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 647 | 605 | 613 | 576 |
| Cash | – | – | – | – |
| Total debt | 53 | 16 | 15 | 15 |
| Total liabilities | 253 | 211 | 209 | 206 |
| 394 | 394 | 405 | 370 | |
| 39 | 40 | 39 | 41 | |
| – | – | – | – | |
| -23.2% | 3.9% | 8.5% | -1.5% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 16 | 60 | 25 | 29 | |
| – | – | – | – | |
| 16 | 60 | 25 | 29 | |
| Dividends paid | 16 | 12 | 24 | 29 |
| – | 9 | – | – | |
| – | – | – | – |
Valuation
- 9.3×
- –
- 0.07
- 0.9×
- 9.2×
- 13.0×
- –
- 7.7%
- 10.7%
- 8.5%
Profitability
- -190.5%
- -200.5%
- 98.6%
- -200.5%
- -1.0%
- -1.7%
- -1.6%
- -1.0%
- -1.0%
- –
Growth
- +121.9%
- +128.2%
- −58.9%
- +8.6%
- +0.8%
Financial health
- -2.6×
- 0.04
- 2.6%
- -0.7×
- 14.08
- 14.08
- 0.00
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 7%of 758
Top 27%of 883
Top 2%of 880
Top 34%of 927
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 2, 2026 | 0.71 | – | – |
| Aug 4, 2025 | -0.85 | – | – |
| Sep 20, 2024 | 0.69 | – | – |
| Aug 8, 2024 | 0.20 | – | – |
| Feb 1, 2024 | 0.16 | – | – |
| Aug 4, 2023 | 0.23 | – | – |
| Nov 30, 2022 | -0.58 | – | – |
| May 30, 2022 | -1.73 | – | – |
8.5%of the share price, paid each year
On $1,000 invested$85a year at today's yield, before tax
+8.6%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$0.84 in 2015 → $0.77 in 2025
How safe it looks
68.8% of its profit
Room to growStretchedMore than it earns: 95.9%
News
VanEck Vectors Long Municipal Index ETF declares monthly distribution of $0.0573Seeking Alpha · Nov 2, 2026VanEck Vectors Intermediate Municipal Index ETF declares monthly distribution of $0.1230Seeking Alpha · Nov 2, 2026SPDR Nuveen Barclays Short Term Municipal Bond ETF declares monthly distribution of $0.1082Seeking Alpha · Nov 2, 2026Nuveen New York AMT-Free Quality Municipal Income Fund declares $0.0655 dividendSeeking Alpha · Oct 6, 2026Invesco Pennsylvania Value Municipal Income Trust declares $0.0667 dividendSeeking Alpha · Oct 1, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
44No pass
Benjamin Graham
81Pass
Philip Fisher
62Pass
Peter Lynch
100Pass
Joel Greenblatt
26No pass
Charlie Munger
43No pass
Terry Smith
36No pass
Questions about DWS Municipal Income
Is DWS Municipal Income a good stock to buy?
A strong, very profitable business, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the DWS Municipal Income AI analysis
What does DWS Municipal Income do?
Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc. It invests in the fixed income markets of the United States. It is in Asset Management - Income.
Does DWS Municipal Income pay a dividend?
Yes. At today's price the dividend is 8.5% a year, about 69% of its yearly profit. In 2025 it paid out $29.3 million in dividends.
Is DWS Municipal Income stock halal?
No. DWS Municipal Income does not pass our halal screen: its main business, interest-based asset management, is not permitted. How we check
How has DWS Municipal Income stock done over the past year?
Down 11.9% over the past twelve months, to $8.23. It traded between $7.97 and $9.34 and is 11.9% below its high.
Who are DWS Municipal Income's competitors?
The largest listed companies in the same industry are PIMCO Dynamic Income Fund, Nuveen AMT-Free Quality Municipal Income Fund, Eaton Vance Tax-Managed Global Diversified Equity Income Fund and Nuveen Preferred & Income Opportunities Fund. The peers table on this page compares their profit, growth and price with DWS Municipal Income's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.