Duff & Phelps Utility and Infrastructure Fund Inc. Declares Monthly Dividend of $0.07 (NYSE:DPG)

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.07 per share by the investment management company on Thursday, July 10th. This represents a $0.84 annualized dividend and a dividend yield of 6.98%. The ex-dividend date is Monday, June 30th.

Duff & Phelps Utility and Infrastructure Fund has raised its dividend by an average of 37.5% per year over the last three years.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded down $0.05 during trading hours on Tuesday, hitting $12.04. 109,309 shares of the company were exchanged, compared to its average volume of 85,424. Duff & Phelps Utility and Infrastructure Fund has a 1 year low of $8.73 and a 1 year high of $12.50. The business has a 50-day moving average of $11.78 and a 200-day moving average of $11.72.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.