DTF Tax Free Income Inc. (NYSE:DTF) declared a — dividend on Tuesday, September 24th, Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.04 per share by the investment management company on Tuesday, December 31st. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, December 13th.
DTF Tax Free Income has decreased its dividend by an average of 11.0% annually over the last three years.
Shares of DTF Tax Free Income stock traded down $0.02 during trading on Wednesday, reaching $14.19. 12,168 shares of the company’s stock were exchanged, compared to its average volume of 22,405. DTF Tax Free Income has a 1-year low of $12.25 and a 1-year high of $14.44. The firm’s 50-day moving average price is $14.04 and its 200 day moving average price is $13.77.
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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