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) declared a monthly dividend on Monday, March 16th. Shareholders of record on Monday, June 15th will be given a dividend of 0.0325 per share by the investment management company on Monday, June 29th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, June 15th.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.5%

NYSE:DTF opened at $11.43 on Tuesday. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $10.95 and a 1 year high of $11.60. The stock’s 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $11.40.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

Several large investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter worth $36,000. Raymond James Financial Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at $69,000. Garner Asset Management Corp purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth $70,000. Hara Capital LLC grew its stake in shares of DTF Tax-Free Income 2028 Term Fund by 3.1% in the 2nd quarter. Hara Capital LLC now owns 255,607 shares of the investment management company’s stock worth $2,860,000 after buying an additional 7,642 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $165,000. Institutional investors own 43.81% of the company’s stock.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.