Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) To Go Ex-Dividend on November 30th

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) declared a monthly dividend on Thursday, September 17th. Investors of record on Monday, November 30th will be paid a dividend of 0.075 per share by the investment management company on Thursday, December 10th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Monday, November 30th.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG stock opened at $13.49 on Friday. Duff & Phelps Utility and Infrastructure Fund has a one year low of $12.36 and a one year high of $15.15. The firm’s 50 day moving average price is $14.48 and its 200-day moving average price is $14.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Catalina Capital Group LLC increased its position in Duff & Phelps Utility and Infrastructure Fund by 5.5% during the first quarter. Catalina Capital Group LLC now owns 13,732 shares of the investment management company’s stock worth $198,000 after buying an additional 716 shares during the period. NewEdge Advisors LLC raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% during the 1st quarter. NewEdge Advisors LLC now owns 116,718 shares of the investment management company’s stock worth $1,685,000 after buying an additional 1,352 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at $29,000. Fifth Third Bancorp acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at about $31,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $46,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.