DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) announced a monthly dividend on Wednesday, June 18th, Wall Street Journal reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.0325 per share by the investment management company on Tuesday, September 30th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Monday, September 15th.
DTF Tax-Free Income 2028 Term Fund Price Performance
DTF Tax-Free Income 2028 Term Fund stock traded down $0.02 during midday trading on Wednesday, reaching $11.18. The stock had a trading volume of 1,642 shares, compared to its average volume of 8,982. The stock's 50-day simple moving average is $11.18 and its 200 day simple moving average is $11.22. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.83 and a twelve month high of $11.45.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
An institutional investor recently bought a new position in DTF Tax-Free Income 2028 Term Fund stock. Focus Partners Wealth acquired a new position in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,956 shares of the investment management company's stock, valued at approximately $190,000. Focus Partners Wealth owned approximately 0.24% of DTF Tax-Free Income 2028 Term Fund as of its most recent SEC filing. 43.81% of the stock is owned by hedge funds and other institutional investors.
About DTF Tax-Free Income 2028 Term Fund
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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.
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