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

by · The Cerbat Gem

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) declared a monthly dividend on Thursday, December 11th. Investors of record on Friday, January 30th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, February 10th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, January 30th.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Duff & Phelps Utility and Infrastructure Fund stock traded up $0.03 during midday trading on Friday, reaching $12.58. 39,449 shares of the stock traded hands, compared to its average volume of 83,791. The company has a 50-day simple moving average of $13.06 and a two-hundred day simple moving average of $12.68. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $10.45 and a 12-month high of $13.38.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at approximately $1,435,000. Zimmer Partners LP acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the third quarter valued at $361,000. Susquehanna International Group LLP boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 68.9% in the third quarter. Susquehanna International Group LLP now owns 18,170 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 7,415 shares during the period. Kanen Wealth Management LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 0.7% during the 3rd quarter. Kanen Wealth Management LLC now owns 506,268 shares of the investment management company’s stock worth $6,555,000 after purchasing an additional 3,727 shares in the last quarter. Finally, Pathstone Holdings LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 148.9% during the 3rd quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock worth $2,713,000 after purchasing an additional 125,706 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

(Get Free Report)

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.

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