Bulldog Investors LLP Takes Position in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Bulldog Investors LLP purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 176,130 shares of the investment management company’s stock, valued at approximately $2,543,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co bought a new position in 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 1st quarter valued at approximately $31,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $46,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at approximately $129,000. Finally, PFG Investments LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $148,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.7%

Duff & Phelps Utility and Infrastructure Fund stock opened at $14.82 on Tuesday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $12.31 and a 1-year high of $15.15. The firm has a 50 day simple moving average of $14.48 and a 200 day simple moving average of $14.25.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.1%.

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.