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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.0325 per share by the investment management company on Monday, June 30th. This represents a $0.39 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Monday, June 16th.

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

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF opened at $11.18 on Thursday. 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 has a fifty day moving average price of $11.28 and a 200 day moving average price of $11.26.

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.