Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) declared a monthly dividend on Wednesday, March 14th, Wall Street Journal reports. Shareholders of record on Friday, June 15th will be given a dividend of 0.035 per share by the investment management company on Friday, June 29th. This represents a $0.42 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, June 14th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend payment by an average of 8.4% per year over the last three years.
Duff & Phelps Utility & Corp Bond Trust (DUC) traded up $0.01 on Wednesday, reaching $8.66. 55,221 shares of the company’s stock were exchanged, compared to its average volume of 73,894. Duff & Phelps Utility & Corp Bond Trust has a 1 year low of $8.56 and a 1 year high of $9.38.
Duff & Phelps Utility & Corp Bond Trust Company Profile
Duff & Phelps Utility and Corporate Bond Trust Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income consistent with investing in securities of investment grade quality. The Fund seeks to achieve its investment objective by investing substantially all of its assets in a diversified portfolio of income securities.
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