Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) announced a monthly dividend on Wednesday, March 14th, Wall Street Journal reports. Stockholders of record on Tuesday, May 15th will be paid a dividend of 0.035 per share by the investment management company on Thursday, May 31st. This represents a $0.42 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Monday, May 14th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend payment by an average of 8.4% annually over the last three years.
Shares of Duff & Phelps Utility & Corp Bond Trust (NYSE DUC) traded up $0.01 on Wednesday, hitting $8.66. The stock had a trading volume of 55,221 shares, compared to its average volume of 73,894. Duff & Phelps Utility & Corp Bond Trust has a 12-month low of $8.56 and a 12-month high of $9.38.
About Duff & Phelps Utility & Corp Bond Trust
Duff & Phelps Utility and Corporate Bond Trust Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income consistent with investing in securities of investment grade quality. The Fund seeks to achieve its investment objective by investing substantially all of its assets in a diversified portfolio of income securities.
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