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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) declared a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.07 per share by the investment management company on Thursday, July 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend is Monday, June 30th.

Duff & Phelps Utility and Infrastructure Fund has increased its dividend payment by an average of 37.5% per year over the last three years.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE:DPG opened at $12.04 on Wednesday. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $8.73 and a 52 week high of $12.50. The firm has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $11.73.

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.