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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Monday, September 23rd, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0325 per share by the investment management company on Friday, November 29th. This represents a $0.39 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, November 15th.

DTF Tax-Free Income 2028 Term Fund has decreased its dividend by an average of 6.7% per year over the last three years.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF stock opened at $11.25 on Wednesday. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.29 and a fifty-two week high of $11.45. The company has a 50 day moving average price of $11.23 and a 200 day moving average price of $10.99.

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.