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

by · The Cerbat Gem

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) declared a monthly dividend on Thursday, December 11th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, February 27th.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.2%

Shares of DPG traded up $0.03 during trading hours on Friday, reaching $12.58. 39,449 shares of the stock traded hands, compared to its average volume of 83,791. The company’s 50-day moving average price is $13.06 and its two-hundred day moving average price is $12.68. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $10.45 and a 52-week high of $13.38.

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

Several large investors have recently made changes to their positions in DPG. GS Investments Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth approximately $37,000. Colonial Trust Advisors purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth approximately $65,000. Cornerstone Advisors LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at approximately $72,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at $122,000.

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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