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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) declared a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.07 per share by the investment management company on Thursday, July 10th. This represents a $0.84 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Monday, June 30th.

Duff & Phelps Utility and Infrastructure Fund has increased its dividend payment by an average of 37.5% annually over the last three years.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of NYSE:DPG opened at $12.16 on Friday. The firm’s 50 day moving average is $11.82 and its two-hundred day moving average is $11.73. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $8.73 and a 52 week high of $12.50.

About Duff & Phelps Utility and Infrastructure Fund

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.