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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Thursday, September 19th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid 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 3.45%. 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% per year over the last three years.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.5 %

DTF Tax-Free Income 2028 Term Fund stock opened at $11.32 on Friday. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $10.63 and a 12-month high of $11.45. The stock has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.18.

About DTF Tax-Free Income 2028 Term Fund

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.