DTF Tax-Free Income 2028 Term Fund Inc. Plans Monthly Dividend of $0.03 (NYSE:DTF)

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Friday, June 21st, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.0325 per share by the investment management company on Monday, September 30th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Monday, September 16th.

DTF Tax-Free Income 2028 Term Fund has decreased its dividend payment by an average of 6.7% annually over the last three years.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.5 %

Shares of NYSE DTF traded up $0.06 during trading on Friday, reaching $11.00. The company had a trading volume of 13,869 shares, compared to its average volume of 16,733. DTF Tax-Free Income 2028 Term Fund has a 52 week low of $10.29 and a 52 week high of $11.19. The business’s 50 day moving average price is $10.86 and its 200-day moving average price is $10.81.

DTF Tax-Free Income 2028 Term Fund Company Profile

DTF Tax-Free Income 2028 Term Fund Inc is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities.