Duff & Phelps Utility & Corp Bond Trust Declares Monthly Dividend of $0.04 (NYSE:DUC)
Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.035 per share by the investment management company on Monday, September 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Friday, September 13th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend by an average of 11.2% annually over the last three years.
Shares of DUC stock opened at $9.00 on Thursday. Duff & Phelps Utility & Corp Bond Trust has a fifty-two week low of $8.08 and a fifty-two week high of $9.06. The stock’s 50-day simple moving average is $8.87 and its 200-day simple moving average is $8.69.
Duff & Phelps Utility and Corporate Bond Trust, Inc is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff and Phelps Investment Management Co It invests in the fixed income markets. The fund invests primarily in a utility income securities, corporate income securities, mortgage-backed securities, and asset-backed securities.
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