DTF Tax-Free Income 2028 Term Fund Inc. (DTF) to Issue Monthly Dividend of $0.03 on February 29th

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTFGet Free Report) declared a monthly dividend on Thursday, December 14th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0325 per share by the investment management company on Thursday, February 29th. This represents a $0.39 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, February 14th.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.4 %

NYSE DTF opened at $10.85 on Monday. DTF Tax-Free Income 2028 Term Fund has a 52 week low of $10.29 and a 52 week high of $11.23. The business’s fifty day simple moving average is $10.77 and its 200-day simple moving average is $10.78.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DTF. City of London Investment Management Co. Ltd. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth about $1,678,000. Atria Wealth Solutions Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth about $132,000. Almitas Capital LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth about $66,000. First Trust Advisors LP increased its position in shares of DTF Tax-Free Income 2028 Term Fund by 7.5% during the 1st quarter. First Trust Advisors LP now owns 28,211 shares of the investment management company’s stock worth $366,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of DTF Tax-Free Income 2028 Term Fund by 6.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,877 shares of the investment management company’s stock worth $173,000 after purchasing an additional 902 shares during the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Company Profile

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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.

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Dividend History for DTF Tax-Free Income 2028 Term Fund (NYSE:DTF)

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