Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) to Issue $0.35 Quarterly Dividend

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Rating) announced a quarterly dividend on Wednesday, March 15th, Zacks reports. Investors of record on Thursday, June 15th will be paid a dividend of 0.35 per share by the investment management company on Friday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 10.54%. The ex-dividend date is Wednesday, June 14th.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

DPG stock opened at $13.28 on Friday. The company has a fifty day moving average of $13.81 and a 200-day moving average of $13.62. Duff & Phelps Utility and Infrastructure Fund has a one year low of $12.03 and a one year high of $15.68.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 9.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,014 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 980 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at about $164,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $175,000. Mariner LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at approximately $205,000. Finally, SeaCrest Wealth Management LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 6.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 18,958 shares of the investment management company’s stock worth $256,000 after purchasing an additional 1,114 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

(Get Rating)

Duff & Phelps Utility & Infrastructure Fund, Inc is a non-diversified, closed-end investment company. It’s investment objective is to seek total return resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income, and growth in current income, and secondarily from capital appreciation.