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

Key Points

• DTF Tax-Free Income 2028 Term Fund has declared a monthly dividend of $0.0325 per share, with a yield of 3.4%, to be paid on November 28th for stockholders on record by November 17th.
• The fund's stock opened at $11.33, with a 52-week range of $10.83 to $11.45, indicating stable performance in the market.
• Institutional investors now hold 43.81% of the fund, with notable recent investments from firms like Sit Investment Associates and Beverly Hills Private Wealth LLC.

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) announced a monthly dividend on Thursday, September 18th. Investors of record on Monday, November 17th will be given a dividend of 0.0325 per share by the investment management company on Friday, November 28th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 17th.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.2%

DTF stock traded up $0.03 on Tuesday, hitting $11.34. 8,998 shares of the company's stock traded hands, 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 stock has a fifty day moving average of $11.29 and a 200-day moving average of $11.23.

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

Hedge funds have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 1st quarter valued at approximately $36,000. Financial Gravity Companies Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $36,000. Raymond James Financial Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $69,000. J.W. Cole Advisors Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $165,000. Finally, Nuveen LLC purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 1st quarter valued at approximately $180,000. Hedge funds and other 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.