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.
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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