Duff & Phelps Utility & Corp Bond Trust has decreased its dividend by an average of 11.2% annually over the last three years.
Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) declared a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.035 per share by the investment management company on Tuesday, April 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Friday, April 12th.
Shares of DUC stock opened at $8.50 on Thursday. Duff & Phelps Utility & Corp Bond Trust has a 52 week low of $8.08 and a 52 week high of $8.77.
About Duff & Phelps Utility & Corp Bond Trust
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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