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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) announced a dividend on Wednesday, October 30th, investing.com reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.07 per share by the investment management company on Tuesday, November 12th. This represents a dividend yield of 7.39%. The ex-dividend date is Thursday, October 31st.

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 Price Performance

DPG stock traded down $0.09 during midday trading on Wednesday, hitting $11.37. 73,534 shares of the company’s stock were exchanged, compared to its average volume of 129,856. The firm has a 50 day moving average price of $11.46 and a 200-day moving average price of $10.48. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $8.18 and a 12-month high of $11.88.

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.