Duff and Phelps Global Utlity Inm Fd Inc (DPG) to Issue $0.35 Quarterly Dividend
Duff and Phelps Global Utlity Inm Fd Inc (NYSE:DPG) declared a quarterly dividend on Wednesday, March 14th, Wall Street Journal reports. Investors of record on Friday, June 15th will be paid a dividend of 0.35 per share by the investment management company on Friday, June 29th. This represents a $1.40 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date is Thursday, June 14th.
Shares of Duff and Phelps Global Utlity Inm Fd (NYSE:DPG) traded up $0.04 during midday trading on Wednesday, reaching $14.58. 63,761 shares of the company were exchanged, compared to its average volume of 141,337. Duff and Phelps Global Utlity Inm Fd has a 1-year low of $14.39 and a 1-year high of $17.29.
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Duff & Phelps Global Utility Income Fund Inc is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek total return, resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income, and growth in current income, and secondarily from capital appreciation.
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