Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) announced a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Monday, June 17th will be paid a dividend of 0.035 per share by the investment management company on Friday, June 28th. This represents a $0.42 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, June 14th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend payment by an average of 11.2% per year over the last three years.
NYSE:DUC traded down $0.03 during mid-day trading on Wednesday, hitting $8.50. The stock had a trading volume of 15,839 shares, compared to its average volume of 36,936. Duff & Phelps Utility & Corp Bond Trust has a twelve month low of $8.08 and a twelve month high of $8.77.
About Duff & Phelps Utility & Corp Bond Trust
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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