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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.0325 per share by the investment management company on Monday, June 30th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.49%. 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 Trading Down 0.1 %

DTF Tax-Free Income 2028 Term Fund stock opened at $11.18 on Thursday. DTF Tax-Free Income 2028 Term Fund has a 12-month low of $10.63 and a 12-month high of $11.45. The business’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $11.26.

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.