DTF Tax Free Income Inc. (NYSE:DTF) announced a monthly dividend on Friday, December 14th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.035 per share by the investment management company on Thursday, February 28th. This represents a $0.42 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, February 14th.
DTF Tax Free Income has decreased its dividend by an average of 11.0% annually over the last three years.
DTF Tax Free Income stock opened at $13.05 on Friday. DTF Tax Free Income has a fifty-two week low of $12.25 and a fifty-two week high of $13.55.
About DTF Tax Free Income
DTF Tax-Free Income 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.
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