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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Thursday, September 19th,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0325 per share by the investment management company on Friday, November 29th. This represents a $0.39 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Friday, November 15th.

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

DTF Tax-Free Income 2028 Term Fund Trading Down 0.2 %

DTF opened at $11.33 on Wednesday. The firm has a 50-day moving average price of $11.28 and a 200-day moving average price of $11.12. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.62 and a twelve month high of $11.45.

About DTF Tax-Free Income 2028 Term Fund

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.