DTF Tax Free Income Inc. (NYSE:DTF) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.035 per share by the investment management company on Monday, September 30th. This represents a $0.42 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, September 13th.
DTF Tax Free Income has decreased its dividend payment by an average of 11.0% per year over the last three years.
Shares of NYSE DTF opened at $13.98 on Wednesday. DTF Tax Free Income has a one year low of $12.25 and a one year high of $14.18. The firm’s 50 day simple moving average is $14.06 and its two-hundred day simple moving average is $13.72.
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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