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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Thursday, June 19th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.0325 per share by the investment management company on Tuesday, September 30th. This represents a $0.39 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Monday, September 15th.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of NYSE DTF opened at $11.18 on Thursday. The business has a fifty day moving average price of $11.18 and a 200 day moving average price of $11.22. DTF Tax-Free Income 2028 Term Fund has a 1-year low of $10.83 and a 1-year high of $11.45.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A hedge fund recently bought a new stake in DTF Tax-Free Income 2028 Term Fund stock. Focus Partners Wealth bought a new stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,956 shares of the investment management company’s stock, valued at approximately $190,000. Focus Partners Wealth owned approximately 0.24% of DTF Tax-Free Income 2028 Term Fund as of its most recent SEC filing. 43.81% of the stock is currently owned by institutional investors and hedge funds.

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.