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Mon Sep 23 21:20:43 UTC 2024: ## Duff & Phelps Utility and Infrastructure Fund Declares Monthly Dividend of $0.07 per Share
**New York, NY – September 23, 2024** – Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) announced today that it will pay a monthly dividend of $0.07 per share to shareholders of record on Friday, November 29th. The dividend will be distributed on Tuesday, December 10th, representing an annualized dividend of $0.84 and a yield of 7.19%. The ex-dividend date is also Friday, November 29th.
This announcement comes as the company continues to adjust its dividend strategy, having decreased its dividend by an average of 7.2% per year over the last three years.
Duff & Phelps Utility and Infrastructure Fund is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc. The fund, managed by Duff & Phelps Investment Management Co, focuses on investments in the global public equity markets, particularly in companies operating within the utility sector.
**DPG stock closed at $11.68 on Monday**, up $0.17, with 117,482 shares traded. The company’s 50-day moving average is $10.83, while its 200-day moving average sits at $10.04. The 52-week low for DPG is $7.90, and its 52-week high is $11.69.
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