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

Key Points

• DTF Tax-Free Income 2028 Term Fund Inc. announced a monthly dividend of $0.03 per share, with the payment date set for December 31st for investors on record by December 15th, resulting in a 3.4% annualized dividend yield.
• The fund’s stock opened at $11.33, showing slight stability with recent price fluctuations between a low of $10.83 and a high of $11.45 over the last year.
• Institutional investors have recently increased their holdings significantly in the fund, with hedge funds owning 43.81% of its stock, indicating rising interest among institutional traders.

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) declared a monthly dividend on Thursday, September 18th. Investors of record on Monday, December 15th will be paid a dividend of 0.0325 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th.

DTF Tax-Free Income 2028 Term Fund Stock Performance

DTF traded up $0.03 during trading on Tuesday, hitting $11.34. The stock had a trading volume of 8,998 shares, compared to its average volume of 7,779. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.83 and a 12 month high of $11.45. The company has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $11.23.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Institutional investors have recently made changes to their positions in the business. Financial Gravity Asset Management Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at about $36,000. Financial Gravity Companies Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at about $36,000. Raymond James Financial Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at about $69,000. J.W. Cole Advisors Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at about $165,000. Finally, Nuveen LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at about $180,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

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.