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

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

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

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF traded up $0.03 during midday trading on Tuesday, hitting $11.27. The stock had a trading volume of 504 shares, compared to its average volume of 14,362. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.75 and a fifty-two week high of $11.45. The business has a 50-day simple moving average of $11.20 and a two-hundred day simple moving average of $11.24.

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.