DTF Tax-Free Income 2028 Term Fund Inc. (DTF) to Issue Monthly Dividend of $0.03 on March 31st

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.0325 per share by the investment management company on Monday, March 31st. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.53%. 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% per year over the last three years.

DTF Tax-Free Income 2028 Term Fund Trading Down 1.6 %

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.04 on Friday. The business’s 50 day moving average is $11.27 and its 200-day moving average is $11.19. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $10.63 and a 12-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.