DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) announced a monthly dividend on Friday, June 20th, Wall Street Journal reports. Investors 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 of this dividend is Monday, September 15th.
DTF Tax-Free Income 2028 Term Fund Price Performance
DTF stock traded up $0.01 during trading hours on Monday, reaching $11.18. 40,133 shares of the stock were exchanged, compared to its average volume of 13,640. The firm's 50-day moving average is $11.18 and its 200-day moving average is $11.22. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.83 and a 12 month high of $11.45.
Hedge Funds 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 acquired a new stake 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 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 43.81% of the stock is owned by institutional investors and hedge funds.
DTF Tax-Free Income 2028 Term Fund Company Profile
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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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