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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a monthly dividend on Monday, June 15th. Investors of record on Monday, August 17th will be given a dividend of 0.0325 per share by the investment management company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, August 17th.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF opened at $11.45 on Tuesday. The firm has a 50 day moving average price of $11.45 and a 200 day moving average price 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.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DTF. Focus Partners Wealth increased its position in DTF Tax-Free Income 2028 Term Fund by 2,687.2% during the 4th quarter. Focus Partners Wealth now owns 480,856 shares of the investment management company’s stock worth $5,492,000 after purchasing an additional 463,604 shares in the last quarter. Seven Mile Advisory acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth approximately $1,446,000. Avise Financial Cooperative Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $537,000. LPL Financial LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $204,000. Finally, Savvy Advisors Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $166,000. Institutional investors and hedge funds own 43.81% of the company’s stock.

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.