Welcome to our dedicated page for Duff & Phelps Utility and Infra Fund news (Ticker: DPG), a resource for investors and traders seeking the latest updates and insights on Duff & Phelps Utility and Infra Fund stock.
Duff & Phelps Utility and Infra Fund Inc (DPG) investors and analysts will find this dedicated news hub essential for tracking the fund's latest developments. Our curated collection features official press releases, dividend announcements, and strategic updates from this specialized utility and infrastructure income fund.
Access timely updates on DPG's portfolio adjustments, earnings reports, and sector-specific initiatives within essential services markets. The fund's focus on tax-advantaged income strategies and infrastructure investments makes this repository particularly valuable for monitoring regulatory developments and distribution changes.
Key updates include quarterly dividend declarations, infrastructure asset acquisitions, and management commentary on utility sector trends. Bookmark this page for direct access to DPG's verified financial communications, maintained with the precision expected from a fund leveraging decades of institutional investment expertise.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) has announced its monthly distribution of $0.07 per share, payable on August 12, 2024, to shareholders of record on July 31, 2024. The fund operates under a Managed Distribution Plan, aiming to distribute all available investment income to shareholders. For July 2024, the entire distribution ($0.070 per share) is classified as return of capital.
Year-to-date, 98% of distributions have been return of capital, with only 2% from net investment income. The fund's average annual total return on NAV for the past 5 years is 1.62%, with an annualized current distribution rate of 7.59% of NAV. The cumulative total return on NAV for the fiscal year stands at 18.05%.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced a share repurchase program and a change in its distribution frequency. The fund aims to buy back up to 5% of its outstanding shares at a discount to net asset value (NAV) by June 2025. This initiative seeks to enhance shareholder value and reduce the discount at which its shares trade.
Additionally, the fund will shift from quarterly to monthly distributions, maintaining the same quarterly amount but distributing $0.07 per share monthly starting July 2024. This adjustment is based on shareholder feedback and trading analysis. The fund's June distribution is solely a return of capital, with no net investment income or capital gains included.
The fund's financial performance includes a 2.87% average annual total return on NAV over five years and a 7.32% annualized current distribution rate as a percentage of NAV.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) announced that Ellen Elberfeld, CFA, will retire as co-portfolio manager effective May 5, 2023. Eric Elvekrog, current Chief Investment Officer, will take over as the sole portfolio manager. David D. Grumhaus, Jr., President and CEO, expressed regret over Elberfeld's departure but noted confidence in Elvekrog's capabilities, having been a part of the fund's management since its inception in 2011. The fund aims to achieve total return by focusing on high current income and growth, primarily investing in dividend-paying equities in the utility and infrastructure sectors.
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) approved a dividend of 35 cents per share. This distribution will be payable on
On December 15, 2022, Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) announced a dividend distribution of 35 cents per share, with an ex-date of March 14, 2023, record date of March 15, and payable date of March 31, 2023. The Fund's Managed Distribution Plan operates to maintain this distribution rate by utilizing available investment income, capital gains, or return of capital as necessary. For 2022, 96.4% of the distributions were sourced from return of capital, raising potential sustainability concerns for shareholders.
FAQ
What is the current stock price of Duff & Phelps Utility and Infra Fund (DPG)?
What is the market cap of Duff & Phelps Utility and Infra Fund (DPG)?
