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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.0325 per share by the investment management company on Monday, March 31st. This represents a $0.39 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, March 17th.

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 Stock Performance

DTF opened at $11.24 on Wednesday. The business 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 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.