Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) to Issue Monthly Dividend of $0.07

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.07 per share by the investment management company on Thursday, July 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date is Monday, June 30th.

Duff & Phelps Utility and Infrastructure Fund has increased its dividend by an average of 37.5% annually over the last three years.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.4 %

Shares of DPG stock traded down $0.05 during mid-day trading on Tuesday, reaching $12.04. The stock had a trading volume of 109,309 shares, compared to its average volume of 85,424. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $8.73 and a 12-month high of $12.50. The business has a 50-day simple moving average of $11.78 and a 200 day simple moving average of $11.72.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.