DTF Tax Free Income Inc. (DTF) to Issue $0.04 Monthly Dividend

DTF Tax Free Income Inc. (NYSE:DTF) declared a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Monday, June 17th will be given 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 3.13%. The ex-dividend date of this dividend is Friday, June 14th.

DTF Tax Free Income has decreased its dividend payment by an average of 11.0% annually over the last three years.

NYSE DTF opened at $13.40 on Thursday. DTF Tax Free Income has a 52-week low of $12.25 and a 52-week high of $13.52.

An institutional investor recently raised its position in DTF Tax Free Income stock. Geode Capital Management LLC grew its holdings in DTF Tax Free Income Inc. (NYSE:DTF) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,159 shares of the investment management company’s stock after purchasing an additional 1,100 shares during the quarter. Geode Capital Management LLC owned approximately 0.33% of DTF Tax Free Income worth $348,000 at the end of the most recent quarter. 28.09% of the stock is owned by hedge funds and other institutional investors.

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About DTF Tax Free Income

DTF Tax-Free Income 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.

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Dividend History for DTF Tax Free Income (NYSE:DTF)

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