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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.0325 per share by the investment management company on Monday, June 30th. This represents a $0.39 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Monday, June 16th.

DTF Tax-Free Income 2028 Term Fund has decreased its dividend by an average of 5.2% per year over the last three years.

DTF Tax-Free Income 2028 Term Fund Stock Performance

NYSE DTF traded down $0.03 during trading on Tuesday, hitting $11.21. The stock had a trading volume of 2,583 shares, compared to its average volume of 11,774. The firm has a 50 day moving average price of $11.28 and a 200 day moving average price of $11.27. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.63 and a twelve month high of $11.45.

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.