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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Tuesday, September 24th, Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.0325 per share by the investment management company on Tuesday, December 31st. This represents a $0.39 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, December 16th.

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

Shares of NYSE:DTF traded down $0.01 during midday trading on Tuesday, hitting $11.26. 14,054 shares of the company’s stock traded hands, compared to its average volume of 14,567. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.29 and a twelve month high of $11.45. The firm’s fifty day moving average price is $11.23 and its two-hundred day moving average price is $10.98.

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.