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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Rating) announced a monthly dividend on Friday, March 17th, Wall Street Journal reports. Stockholders of record on Monday, May 15th will be given a dividend of 0.0325 per share by the investment management company on Wednesday, May 31st. This represents a $0.39 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, May 12th.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF Tax-Free Income 2028 Term Fund stock traded down $0.02 during trading hours on Friday, hitting $10.97. The company’s stock had a trading volume of 2,974 shares, compared to its average volume of 10,176. DTF Tax-Free Income 2028 Term Fund has a 1-year low of $10.53 and a 1-year high of $13.00. The business has a fifty day moving average of $11.06 and a 200 day moving average of $11.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Almitas Capital LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at $66,000. Wells Fargo & Company MN boosted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,877 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 902 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at $132,000. City of London Investment Management Co. Ltd. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter valued at $1,678,000. Finally, First Trust Advisors LP boosted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 28,211 shares of the investment management company’s stock valued at $366,000 after purchasing an additional 1,963 shares during the period. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

About DTF Tax-Free Income 2028 Term Fund

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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.