Duff & Phelps Utilities Tax-Free Income Inc. (NYSE:DTF) declared a special dividend on Friday, December 15th, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.0002 per share by the investment management company on Wednesday, January 10th. This represents a yield of 4.23%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Duff & Phelps Utilities Tax-Free Income (NYSE:DTF) traded down $0.01 during trading hours on Friday, reaching $14.20. 21,689 shares of the company were exchanged, compared to its average volume of 20,204. Duff & Phelps Utilities Tax-Free Income has a fifty-two week low of $14.01 and a fifty-two week high of $15.98.
In related news, VP Timothy M. Heaney bought 2,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $14.05 per share, for a total transaction of $28,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.37% of the company’s stock.
DTF Tax-Free Income Inc is a diversified, closed-end management investment company. The Fund’s investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing primarily (approximately 80% of its total assets) in a diversified portfolio of investment-grade tax-exempt obligations.
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