Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) announced a monthly dividend on Friday, December 15th, Wall Street Journal reports. Shareholders of record on Tuesday, January 16th will be given a dividend of 0.035 per share by the investment management company on Wednesday, January 31st. This represents a $0.42 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Friday, January 12th.
Duff & Phelps Utility & Corp Bond Trust has decreased its dividend payment by an average of 8.4% annually over the last three years.
Shares of Duff & Phelps Utility & Corp Bond Trust (NYSE DUC) opened at $8.78 on Thursday. Duff & Phelps Utility & Corp Bond Trust has a 52 week low of $8.56 and a 52 week high of $9.45.
Duff & Phelps Utility and Corporate Bond Trust Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income consistent with investing in securities of investment grade quality. The Fund seeks to achieve its investment objective by investing substantially all of its assets in a diversified portfolio of income securities.
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