Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Raises Dividend to $0.08 Per Share

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) announced a monthly dividend on Monday, June 15th. Stockholders of record on Friday, July 31st will be paid a dividend of 0.075 per share by the investment management company on Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, July 31st. This is a 7.1% increase from Duff & Phelps Utility and Infrastructure Fund’s previous monthly dividend of $0.07.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG stock opened at $14.39 on Tuesday. Duff & Phelps Utility and Infrastructure Fund has a fifty-two week low of $11.97 and a fifty-two week high of $15.15. The stock’s 50-day simple moving average is $14.54 and its 200-day simple moving average is $13.93.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

A number of large investors have recently modified their holdings of DPG. CENTRAL TRUST Co purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $29,000. Fifth Third Bancorp purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $31,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth about $46,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter worth about $129,000. Finally, PFG Investments LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $148,000.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.