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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Thursday, June 19th, Wall Street Journal reports. Stockholders of record on Monday, September 15th will be given 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 dividend yield of 3.49%. The ex-dividend date is Monday, September 15th.

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

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.19 on Friday. The business has a fifty day simple moving average of $11.18 and a 200 day simple 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.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

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 DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) in the first quarter, according to 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 and hedge funds.

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.