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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) declared a monthly dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Monday, September 15th will be paid 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 yield of 3.49%. The ex-dividend date of this dividend is Monday, September 15th.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of NYSE DTF opened at $11.18 on Friday. DTF Tax-Free Income 2028 Term Fund has a twelve month low of $10.83 and a twelve month high of $11.45. The firm has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $11.22.

Institutional Investors Weigh In On 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 purchased a new stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent quarter. Institutional investors own 43.81% of the company's stock.

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.

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