DTF Tax-Free Income 2028 Term Fund Inc. (DTF) to Issue Monthly Dividend of $0.03 on April 30th

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Monday, March 17th, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.0325 per share by the investment management company on Wednesday, April 30th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, April 15th.

DTF Tax-Free Income 2028 Term Fund has decreased its dividend payment by an average of 5.2% annually over the last three years.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.21 on Wednesday. The stock’s 50-day moving average is $11.28 and its 200-day moving average is $11.27. DTF Tax-Free Income 2028 Term Fund has a one year low of $10.63 and a one year high of $11.45.

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.