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, March 16th. Shareholders of record on Thursday, April 30th will be given a dividend of 0.07 per share by the investment management company on Monday, May 11th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, April 30th.

Duff & Phelps Utility and Infrastructure Fund Stock Up 1.5%

DPG stock opened at $14.54 on Tuesday. Duff & Phelps Utility and Infrastructure Fund has a one year low of $10.45 and a one year high of $14.96. The firm has a 50-day moving average of $13.85 and a two-hundred day moving average of $13.22.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several hedge funds have recently made changes to their positions in DPG. Invesco Ltd. boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 4.2% in the 4th quarter. Invesco Ltd. now owns 50,427 shares of the investment management company’s stock worth $641,000 after purchasing an additional 2,017 shares during the period. Kanen Wealth Management LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund by 2.2% during the 4th quarter. Kanen Wealth Management LLC now owns 517,160 shares of the investment management company’s stock valued at $6,611,000 after purchasing an additional 10,892 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 3.8% in the fourth quarter. NewEdge Advisors LLC now owns 115,366 shares of the investment management company’s stock valued at $1,466,000 after purchasing an additional 4,195 shares in the last quarter. Zimmer Partners LP lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 197.1% in the fourth quarter. Zimmer Partners LP now owns 83,200 shares of the investment management company’s stock valued at $1,057,000 after purchasing an additional 55,200 shares in the last quarter. Finally, Saba Capital Management L.P. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $906,000.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.