Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) announced a monthly dividend on Friday, June 21st, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.07 per share by the investment management company on Thursday, October 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.75%. 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% per year over the last three years.
Duff & Phelps Utility and Infrastructure Fund Stock Performance
DPG stock opened at $9.60 on Friday. The business has a fifty day simple moving average of $9.69 and a 200-day simple moving average of $9.37. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $7.90 and a 52 week high of $10.29.
Insider Transactions at Duff & Phelps Utility and Infrastructure Fund
In other news, CEO David D. Jr. Grumhaus acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of $9.42 per share, for a total transaction of $28,260.00. Following the acquisition, the chief executive officer now directly owns 8,000 shares in the company, valued at approximately $75,360. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
About Duff & Phelps Utility and Infrastructure Fund
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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