DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Declares $0.03 Monthly Dividend

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Monday, December 16th,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0325 per share by the investment management company on Friday, January 31st. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Wednesday, January 15th.

DTF Tax-Free Income 2028 Term Fund has decreased its dividend by an average of 6.7% annually over the last three years.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.5 %

NYSE:DTF traded down $0.06 during mid-day trading on Tuesday, reaching $11.24. The stock had a trading volume of 115,402 shares, compared to its average volume of 15,613. DTF Tax-Free Income 2028 Term Fund has a 1-year low of $10.63 and a 1-year high of $11.45. The stock’s 50 day simple moving average is $11.28 and its two-hundred day simple moving average is $11.19.

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.