Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) announced a monthly dividend on Friday, December 14th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.035 per share by the investment management company on Thursday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, February 14th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend by an average of 11.2% per year over the last three years.
DUC opened at $8.36 on Wednesday. Duff & Phelps Utility & Corp Bond Trust has a one year low of $8.08 and a one year high of $8.77.
Duff & Phelps Utility and Corporate Bond Trust, Inc is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff and Phelps Investment Management Co It invests in the fixed income markets. The fund invests primarily in a utility income securities, corporate income securities, mortgage-backed securities, and asset-backed securities.
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