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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) announced a monthly dividend on Friday, June 21st, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date is Monday, September 30th.

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

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.1 %

Shares of NYSE:DPG opened at $9.60 on Friday. Duff & Phelps Utility and Infrastructure Fund has a 1 year low of $7.90 and a 1 year high of $10.29. The firm has a fifty day moving average price of $9.69 and a 200 day moving average price of $9.37.

Insider Buying and Selling

In other Duff & Phelps Utility and Infrastructure Fund news, CEO David D. Jr. Grumhaus acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average cost of $9.42 per share, for a total transaction of $28,260.00. Following the completion of the acquisition, the chief executive officer now owns 8,000 shares of the company’s stock, valued at approximately $75,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.