Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) announced a monthly dividend on Monday, June 17th, Wall Street Journal reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.035 per share by the investment management company on Friday, August 30th. This represents a $0.42 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Wednesday, August 14th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend payment by an average of 11.2% per year over the last three years.
Duff & Phelps Utility & Corp Bond Trust stock opened at $8.85 on Tuesday. Duff & Phelps Utility & Corp Bond Trust has a one year low of $8.08 and a one year high of $8.89. The stock has a fifty day moving average of $8.79.
Duff & Phelps Utility and Corporate Bond Trust, Inc is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff and Phelps Investment Management Co It invests in the fixed income markets. The fund invests primarily in a utility income securities, corporate income securities, mortgage-backed securities, and asset-backed securities.
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