DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Announces $0.03 Monthly Dividend

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Monday, June 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.0325 per share by the investment management company on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, July 15th.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.3%

DTF Tax-Free Income 2028 Term Fund stock opened at $11.45 on Tuesday. The firm has a 50-day moving average of $11.45 and a 200-day moving average of $11.43. DTF Tax-Free Income 2028 Term Fund has a 1-year low of $11.12 and a 1-year high of $11.60.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.