Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) announced a monthly dividend on Tuesday, September 24th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.07 per share by the investment management company on Friday, January 10th. This represents a $0.84 annualized dividend and a yield of 7.11%. The ex-dividend date of this dividend is Tuesday, December 31st.
Duff & Phelps Utility and Infrastructure Fund has decreased its dividend payment by an average of 7.2% annually over the last three years.
Duff & Phelps Utility and Infrastructure Fund Stock Performance
Shares of NYSE:DPG opened at $11.82 on Friday. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $8.70 and a 52 week high of $12.50. The firm has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $11.11.
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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