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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Tuesday, September 24th, Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.0325 per share by the investment management company on Tuesday, December 31st. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, December 16th.

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

DTF Tax-Free Income 2028 Term Fund Stock Up 0.1 %

Shares of DTF opened at $11.26 on Thursday. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.29 and a 52-week high of $11.45. The stock 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.