DTF Tax-Free Income 2028 Term Fund Inc.

DTF Tax-Free Income 2028 Term Fund Inc.verified

DTF

Price:

$11.26

Market Cap:

$79.15M

DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities. It invests in the fixed income markets of the United States. It was formerly known as DTF Tax-Free Income Inc. DTF Tax-Free Income 2028 Term Fund Inc. was formed on November, 1991 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1991-11-22

Stock Exchange

NYSE

Ticker

DTF

The Dividend Yield as of November 2024 (TTM) for DTF Tax-Free Income 2028 Term Fund Inc. (DTF) is 3.47%

According to DTF Tax-Free Income 2028 Term Fund Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 3.47%. This represents a change of 406.70% compared to the average of 0.68% of the last 4 quarters.

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Historical Dividend Yield (quarterly & annually)

How has DTF Dividend Yield performed in the past?

The mean historical Dividend Yield of DTF Tax-Free Income 2028 Term Fund Inc. over the last ten years is 4.70%. The current 3.47% Dividend Yield has changed -26.16% with respect to the historical average. Over the past ten years (40 quarters), DTF's Dividend Yield was at its highest in in the April 2022 quarter at 2.94%. The Dividend Yield was at its lowest in in the January 2024 quarter at 0%.

Quarterly (TTM)
Annual

Average

4.70%

Median

5.09%

Minimum

3.42%

Maximum

5.82%

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of DTF Tax-Free Income 2028 Term Fund Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 50.30%

Maximum Annual Dividend Yield = 5.82%

Minimum Annual Increase = -27.80%

Minimum Annual Dividend Yield = 3.42%

Quarterly (TTM)
Annual
YearDividend YieldChange
20233.71%-27.80%
20225.14%50.30%
20213.42%0.01%
20203.42%-11.63%
20193.87%-23.19%
20185.04%-6.54%
20175.39%-7.40%
20165.82%4.84%
20155.55%-1.08%
20145.61%-6.02%

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Average Dividend Yield

How has DTF Dividend Yield performed in the past?

The current Dividend Yield of DTF Tax-Free Income 2028 Term Fund Inc. (DTF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

4.09%

5-year avg

3.91%

10-year avg

4.70%

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Dividend Yield vs. Peers

How is DTF’s Dividend Yield compared to its peers?

DTF Tax-Free Income 2028 Term Fund Inc.’s Dividend Yield is less than MFS Investment Grade Municipal Trust (3.74%), less than Virtus Convertible & Income 2024 Target Term Fund (2.68%), less than Eaton Vance National Municipal Opportunities Trust (4.57%), less than Invesco High Income 2024 Target Term Fund (4.56%), less than MFS High Yield Municipal Trust (4.55%), less than MFS Municipal Income Trust (4.42%), less than MFS Government Markets Income Trust (7.77%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (5.06%), less than Nuveen California Select Tax-Free Income Portfolio (3.77%), less than Federated Hermes Premier Municipal Income Fund (3.95%), less than DWS Municipal Income Trust (6.14%), less than BlackRock MuniYield Quality Fund, Inc. (4.72%), less than BlackRock Municipal Income Fund, Inc. (5.26%), less than BlackRock MuniHoldings Quality Fund II, Inc. (5.20%),

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