Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) announced a monthly dividend on Monday, December 16th,Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.07 per share by the investment management company on Thursday, April 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date is Monday, March 31st.
Duff & Phelps Utility and Infrastructure Fund has decreased its dividend by an average of 7.2% annually over the last three years.
Duff & Phelps Utility and Infrastructure Fund Stock Performance
DPG stock opened at $11.88 on Monday. The firm has a 50 day moving average of $11.80 and a 200-day moving average of $11.01. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $8.70 and a 12 month high of $12.50.
About Duff & Phelps Utility and Infrastructure Fund
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.
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