Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) Announces Monthly Dividend of $0.04
Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Investors of record on Monday, September 16th will be paid a dividend of 0.035 per share by the investment management company on Monday, September 30th. This represents a $0.42 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Friday, September 13th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend payment by an average of 11.2% annually over the last three years.
Shares of DUC opened at $9.00 on Thursday. Duff & Phelps Utility & Corp Bond Trust has a one year low of $8.08 and a one year high of $9.06. The stock has a 50 day moving average price of $8.87 and a 200 day moving average price of $8.69.
Duff & Phelps Utility and Corporate Bond Trust, Inc is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff and Phelps Investment Management Co It invests in the fixed income markets. The fund invests primarily in a utility income securities, corporate income securities, mortgage-backed securities, and asset-backed securities.
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