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 Infrastructure Fund Inc. (NYSE: DPG) is a closed-end investment management company that focuses on utility and infrastructure-related equities. Its stated objective is to seek total return, primarily from a high level of current income with an emphasis on tax-advantaged dividend income and growth in current income, and secondarily from capital appreciation. News about DPG often centers on how the fund implements this objective through distributions and portfolio-related actions.
Investors following DPG news can expect frequent announcements from the Board of Directors regarding monthly dividends on the fund’s common stock. These releases typically specify per-share dividend amounts, ex-dates, record dates, and payable dates. The fund also reports on its managed distribution plan, under which it distributes all available investment income and, when necessary, realized capital gains and/or return of capital to maintain a stated monthly distribution level.
Another recurring news theme is the fund’s Section 19(a) notices, which disclose the estimated sources of each distribution. These notices break down distributions into categories such as net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital, and often include historical metrics like average annual total return on net asset value and distribution rates as a percentage of net asset value as of specific dates.
In addition, DPG has issued news about its open market share repurchase program, including renewals and the parameters under which it may repurchase a portion of its outstanding common shares at a discount to net asset value. For investors tracking DPG, this news page provides a centralized view of dividend declarations, distribution source disclosures, and share repurchase program updates related to the fund.
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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.
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has authorized a dividend payment of 35 cents per share. This dividend is part of a managed distribution plan established in 2015, ensuring consistent disbursement of investment income. Key dates include ex-date: December 14, 2022, record date: December 15, 2022, and payable date: December 30, 2022. The Fund's September 2022 distribution included $0.015 from net investment income and $0.335 as a return of capital, reflecting a commitment to maintain its current distribution level.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced a quarterly dividend of 35 cents per share, to be paid on September 30, 2022, with an ex-date of September 14, 2022 and a record date of September 15, 2022.
The fund operates under a Managed Distribution Plan, distributing all available investment income. Any shortfall will be covered by realized capital gains or return of capital. For June 2022, 94.2% of the distribution will be a return of capital. The fund's annualized distribution rate based on NAV is 9.57%.
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) has authorized a dividend payment of 35 cents per share, ex-dividend on June 14, 2022, record date June 15, 2022, and payable on June 30, 2022. The fund has adopted a Managed Distribution Plan to sustain this distribution rate, distributing all available investment income, and if necessary, capital gains or return of capital to maintain the 35 cents per share distribution. The March quarterly distribution includes $0.040 from net investment income and $0.310 as return of capital.
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has approved a dividend of 35 cents per share to be paid on March 31, 2022, with an ex-date of March 14 and record date of March 15. This dividend payment is part of the Fund's Managed Distribution Plan, established in 2015, which aims to provide consistent distributions by utilizing available investment income and, if insufficient, realized capital gains or return of capital. As of November 30, 2021, the fund reported a 10.57% annualized distribution rate on NAV.
On October 22, 2021, Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) will redeem all outstanding Floating Rate Mandatory Redeemable Preferred Shares, Series B. The redemption, funded by a $40 million loan from a commercial bank, aims to optimize leverage management. The redemption price is $25.00 per share plus any unpaid dividends. Following the redemption, the preferred shares will no longer be active, and rights associated with them will cease. The fund focuses on generating high current income through investments in utility and infrastructure sectors.
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund authorized a dividend payment of 35 cents per share. The payment is scheduled for December 31, 2021, with the ex-date on December 14, 2021 and the record date on December 15, 2021. The Fund operates under a Managed Distribution Plan, aiming to maintain this distribution rate by distributing available investment income. If insufficient income exists, it will distribute capital gains or returns of capital. For the September 2021 quarter, net investment income was reported at 4.4 cents.