Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Plans $0.07 Monthly Dividend

by · The Cerbat Gem

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) announced a monthly dividend on Monday, June 17th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.07 per share by the investment management company on Thursday, October 10th. This represents a $0.84 annualized dividend and a dividend yield of 7.21%. The ex-dividend date of this dividend is Monday, September 30th.

Duff & Phelps Utility and Infrastructure Fund has decreased its dividend by an average of 7.2% annually over the last three years.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.1 %

Shares of DPG stock opened at $11.65 on Friday. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $7.90 and a 52 week high of $11.83. The firm’s 50-day simple moving average is $10.98 and its two-hundred day simple moving average is $10.11.

About Duff & Phelps Utility and Infrastructure Fund

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Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.

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