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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.0325 per share by the investment management company on Monday, June 30th. This represents a $0.39 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Monday, June 16th.

DTF Tax-Free Income 2028 Term Fund has decreased its dividend payment by an average of 5.2% per year over the last three years.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.2 %

DTF opened at $11.21 on Wednesday. DTF Tax-Free Income 2028 Term Fund has a 1-year low of $10.63 and a 1-year high of $11.45. The firm’s 50 day simple moving average is $11.28 and its two-hundred day simple moving average is $11.27.

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.