Mon Sep 23 21:20:44 UTC 2024: ## DTF Tax-Free Income 2028 Term Fund Declares Monthly Dividend, Yielding 3.46%

**New York, NY (MarketBeat News) – September 23, 2024** – DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend of $0.0325 per share, payable on November 29th to shareholders of record as of November 15th. This translates to an annualized dividend of $0.39 and a dividend yield of 3.46%.

The ex-dividend date is November 15th. This marks a continued trend of dividend reduction for DTF, with the company’s dividend payment decreasing by an average of 6.7% annually over the past three years.

DTF closed trading at $11.27 on Monday, down $0.03 from the previous day. The stock traded 10,516 shares, compared to its average volume of 14,570. DTF’s 12-month low is $10.29, and its 12-month high is $11.45. The company currently has a 50-day moving average price of $11.22 and a 200-day moving average price of $10.98.

DTF Tax-Free Income 2028 Term Fund Inc., a closed-ended fixed income mutual fund, is managed by Duff & Phelps Investment Management Co. and invests primarily in investment-grade tax-exempt utility obligations, spanning various sectors such as water and sewer, electric utilities, pre-refunded utilities, pollution control, and non-utilities.

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