DTF Tax-Free Income 2028 Term Fund Inc. (DTF) to Issue Monthly Dividend of $0.03 on July 30th

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) declared a monthly dividend on Monday, June 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0325 per share by the investment management company on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, July 15th.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF opened at $11.47 on Wednesday. DTF Tax-Free Income 2028 Term Fund has a one year low of $11.12 and a one year high of $11.60. The stock’s fifty day moving average is $11.45 and its 200-day moving average is $11.43.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DTF. Raymond James Financial Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at about $69,000. Garner Asset Management Corp bought a new position in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at about $70,000. Hara Capital LLC boosted its stake in DTF Tax-Free Income 2028 Term Fund by 4.7% during the fourth quarter. Hara Capital LLC now owns 288,189 shares of the investment management company’s stock valued at $3,291,000 after buying an additional 12,898 shares in the last quarter. Closed End Fund Advisors Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at about $165,000. Finally, Savvy Advisors Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at about $166,000. 43.81% of the stock is owned by institutional investors and hedge funds.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.