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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Friday, March 15th, NASDAQ reports. Investors of record on Monday, April 15th will be paid a dividend of 0.0325 per share by the investment management company on Tuesday, April 30th. This represents a $0.39 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, April 12th.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.7 %

DTF opened at $10.67 on Thursday. DTF Tax-Free Income 2028 Term Fund has a fifty-two week low of $10.29 and a fifty-two week high of $11.19. The firm’s fifty day moving average price is $10.81 and its two-hundred day moving average price is $10.76.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Almitas Capital LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth about $66,000. Atria Wealth Solutions Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth about $132,000. Wells Fargo & Company MN lifted its position in 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 buying an additional 902 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth about $276,000. Finally, First Trust Advisors LP lifted its position in 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 buying an additional 1,963 shares in the last quarter. Institutional investors and hedge funds own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.