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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.0325 per share by the investment management company on Thursday, October 31st. This represents a $0.39 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Tuesday, October 15th.

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

DTF Tax-Free Income 2028 Term Fund Stock Performance

DTF traded up $0.02 during trading on Friday, reaching $11.31. The company had a trading volume of 35,336 shares, compared to its average volume of 14,593. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.29 and a 12 month high of $11.45. The business’s fifty day moving average price is $11.22 and its 200 day moving average price is $10.97.

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.