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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) announced a monthly dividend on Monday, September 23rd, Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, December 10th. This represents a $0.84 annualized dividend and a yield of 7.19%. The ex-dividend date is Friday, November 29th.

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 Up 1.5 %

NYSE DPG traded up $0.17 during trading hours on Monday, hitting $11.68. 117,482 shares of the company’s stock traded hands, compared to its average volume of 133,662. The firm’s 50-day moving average is $10.83 and its 200-day moving average is $10.04. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $7.90 and a 52-week high of $11.69.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.