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

Key Points

• DTF Tax-Free Income 2028 Term Fund Inc. has declared a monthly dividend of $0.03 per share, with the payment scheduled for October 31st to investors of record by October 15th.
• The fund currently offers an annualized yield of 3.4% and has seen its stock price ranging from a 1-year low of $10.83 to a high of $11.45.
• Managed by Duff & Phelps Investment Management Co, the fund focuses on a diversified portfolio of investment grade tax-exempt utility obligations across various sectors.

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 Wednesday, October 15th will be paid a dividend of 0.0325 per share by the investment management company on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, October 15th.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF Tax-Free Income 2028 Term Fund stock traded up $0.03 on Tuesday, hitting $11.34. The company's 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 1 year low of $10.83 and a 1 year high of $11.45. The firm has a fifty day moving average price of $11.29 and a 200-day moving average price of $11.23.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

Large investors have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth approximately $36,000. Financial Gravity Companies Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $36,000. Raymond James Financial Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $69,000. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $165,000. Finally, Nuveen LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth approximately $180,000. 43.81% of the stock is currently owned by hedge funds and other institutional investors.

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.