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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Monday, December 16th,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0325 per share by the investment management company on Friday, January 31st. This represents a $0.39 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Wednesday, January 15th.

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

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

NYSE DTF traded down $0.06 during trading hours on Tuesday, hitting $11.24. 115,402 shares of the company were exchanged, compared to its average volume of 15,613. DTF Tax-Free Income 2028 Term Fund has a 52 week low of $10.63 and a 52 week high of $11.45. The stock has a 50-day moving average price of $11.28 and a 200 day moving average price of $11.19.

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.