Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) to Issue Monthly Dividend of $0.07 on September 10th

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) declared a monthly dividend on Monday, June 17th, Wall Street Journal reports. Investors of record on Friday, August 30th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, September 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, August 30th.

Duff & Phelps Utility and Infrastructure Fund has decreased its dividend by an average of 7.2% per year over the last three years.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE DPG opened at $11.06 on Wednesday. Duff & Phelps Utility and Infrastructure Fund has a 1 year low of $7.90 and a 1 year high of $11.10. The firm has a fifty day moving average price of $10.28 and a 200-day moving average price of $9.75.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.