Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Plans Monthly Dividend of $0.07

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) announced a monthly dividend on Monday, June 17th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.07 per share by the investment management company on Thursday, October 10th. This represents a $0.84 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date is Monday, September 30th.

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

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of Duff & Phelps Utility and Infrastructure Fund stock opened at $11.64 on Friday. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $7.90 and a 52 week high of $11.83. The stock has a 50 day moving average price of $10.98 and a two-hundred day moving average price of $10.11.

About Duff & Phelps Utility and Infrastructure Fund

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.