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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) declared a monthly dividend on Thursday, June 19th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.0325 per share by the investment management company on Tuesday, September 30th. This represents a $0.39 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, September 15th.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.0%

NYSE:DTF traded up $0.01 during trading on Friday, reaching $11.19. The company's stock had a trading volume of 1,396 shares, compared to its average volume of 13,533. The firm has a 50 day moving average of $11.18 and a 200-day moving average of $11.22. DTF Tax-Free Income 2028 Term Fund has a 12 month low of $10.83 and a 12 month high of $11.45.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DTF Tax-Free Income 2028 Term Fund stock. Focus Partners Wealth purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,956 shares of the investment management company's stock, valued at approximately $190,000. Focus Partners Wealth owned about 0.24% of DTF Tax-Free Income 2028 Term Fund at the end of the most recent reporting period. 43.81% of the stock is owned by institutional investors.

About DTF Tax-Free Income 2028 Term Fund

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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