Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) to Issue Monthly Dividend of $0.07 on March 10th

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) declared a monthly dividend on Thursday, December 11th. Stockholders of record on Friday, February 27th will be given a dividend of 0.07 per share by the investment management company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, February 27th.

Duff & Phelps Utility and Infrastructure Fund Price Performance

NYSE DPG opened at $14.65 on Wednesday. The business’s fifty day moving average is $13.36 and its 200 day moving average is $13.04. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $10.45 and a twelve month high of $14.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 50.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,016,545 shares of the investment management company’s stock valued at $13,124,000 after acquiring an additional 341,856 shares in the last quarter. Cornerstone Advisors LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $72,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter worth about $3,950,000. Nwam LLC grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 26.9% in the second quarter. Nwam LLC now owns 21,281 shares of the investment management company’s stock valued at $265,000 after acquiring an additional 4,515 shares in the last quarter. Finally, Kanen Wealth Management LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% during the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock valued at $7,156,000 after purchasing an additional 311,979 shares during the last quarter.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.