DTF Tax-Free Income 2028 Term Fund Inc. to Issue Dividend of $0.03 (NYSE:DTF)

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a dividend on Tuesday, May 13th, investing.com reports. Shareholders of record on Friday, May 16th will be paid a dividend of 0.0325 per share by the investment management company on Friday, May 30th. This represents a yield of 3.47%. The ex-dividend date of this dividend is Thursday, May 15th.

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

DTF Tax-Free Income 2028 Term Fund Stock Performance

NYSE:DTF traded up $0.03 during trading hours on Tuesday, reaching $11.27. The company had a trading volume of 504 shares, compared to its average volume of 14,362. DTF Tax-Free Income 2028 Term Fund has a one year low of $10.75 and a one year high of $11.45. The stock has a 50-day moving average of $11.20 and a two-hundred day moving average of $11.24.

About DTF Tax-Free Income 2028 Term Fund

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.