DTF Tax Free Income Inc. Plans Monthly Dividend of $0.04 (NYSE:DTF)

DTF Tax Free Income Inc. (NYSE:DTF) declared a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Monday, June 17th will be paid a dividend of 0.035 per share by the investment management company on Friday, June 28th. This represents a $0.42 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Friday, June 14th.

DTF Tax Free Income has decreased its dividend payment by an average of 11.0% per year over the last three years.

DTF Tax Free Income stock opened at $13.96 on Friday. DTF Tax Free Income has a 52-week low of $12.25 and a 52-week high of $14.09.

A hedge fund recently raised its stake in DTF Tax Free Income stock. Geode Capital Management LLC increased its position in DTF Tax Free Income Inc. (NYSE:DTF) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,159 shares of the investment management company’s stock after purchasing an additional 1,100 shares during the quarter. Geode Capital Management LLC owned 0.33% of DTF Tax Free Income worth $348,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 32.35% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://dakotafinancialnews.com/2019/06/09/dtf-tax-free-income-inc-plans-monthly-dividend-of-0-04-nysedtf.html.

DTF Tax Free Income Company Profile

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.

See Also: Penny Stocks, Risk and Reward Factors

Dividend History for DTF Tax Free Income (NYSE:DTF)

Receive News & Ratings for DTF Tax Free Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTF Tax Free Income and related companies with MarketBeat.com's FREE daily email newsletter.