DTF Tax Free Income Inc. (NYSE:DTF) announced a monthly dividend on Wednesday, March 14th, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be paid a dividend of 0.05 per share by the investment management company on Monday, April 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, April 13th.
DTF Tax Free Income has decreased its dividend by an average of 5.4% per year over the last three years.
Shares of DTF Tax Free Income (DTF) remained flat at $$13.23 during mid-day trading on Wednesday. The company’s stock had a trading volume of 9,003 shares, 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.
DTF Tax Free Income Company Profile
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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