DTF Tax Free Income Inc. (NYSE:DTF) declared a monthly dividend on Wednesday, March 14th, Wall Street Journal reports. Investors of record on Tuesday, May 15th will be given a dividend of 0.05 per share by the investment management company on Thursday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Monday, May 14th.
DTF Tax Free Income has decreased its dividend by an average of 5.4% per year over the last three years.
DTF Tax Free Income (NYSE DTF) remained flat at $$13.23 during mid-day trading on Wednesday. 9,003 shares of the stock traded hands, compared to its average volume of 26,544. DTF Tax Free Income has a 1-year low of $13.05 and a 1-year high of $15.44.
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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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