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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Monday, June 16th will be paid a dividend of 0.0325 per share by the investment management company on Monday, June 30th. This represents a $0.39 annualized dividend and a yield of 3.48%. The ex-dividend date is Monday, June 16th.

DTF Tax-Free Income 2028 Term Fund has decreased its dividend payment by an average of 5.2% annually over the last three years.

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

DTF traded down $0.03 on Tuesday, hitting $11.21. The company had a trading volume of 2,583 shares, compared to its average volume of 11,774. DTF Tax-Free Income 2028 Term Fund has a 1 year low of $10.63 and a 1 year high of $11.45. The company’s fifty day moving average price is $11.28 and its 200 day moving average price is $11.27.

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.