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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) declared a monthly dividend on Monday, September 23rd, Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, December 10th. This represents a $0.84 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend is Friday, November 29th.

Duff & Phelps Utility and Infrastructure Fund has decreased its dividend payment by an average of 7.2% per year over the last three years.

Duff & Phelps Utility and Infrastructure Fund Stock Up 1.5 %

DPG traded up $0.17 on Monday, hitting $11.68. 117,482 shares of the company’s stock traded hands, compared to its average volume of 133,662. Duff & Phelps Utility and Infrastructure Fund has a one year low of $7.90 and a one year high of $11.69. The company’s 50 day simple moving average is $10.83 and its 200-day simple moving average is $10.04.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.