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 Monday, March 17th, NASDAQ Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.0325 per share by the investment management company on Wednesday, April 30th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Tuesday, April 15th.

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

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

NYSE:DTF traded down $0.03 during trading on Tuesday, reaching $11.21. The company’s stock had a trading volume of 2,583 shares, compared to its average volume of 15,578. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.63 and a 12 month high of $11.45. The firm has a 50 day moving average of $11.28 and a 200-day moving average of $11.27.

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.