DTF Tax-Free Income Inc. (NYSE:DTF)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.57 and traded as high as $14.95. DTF Tax-Free Income shares last traded at $14.95, with a volume of 2,252 shares.
The business’s 50-day moving average is $14.58 and its two-hundred day moving average is $14.54.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a $0.04 dividend. The ex-dividend date is Monday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.23%.
About DTF Tax-Free Income (NYSE:DTF)
DTF Tax-Free Income 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.
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