Duff & Phelps Utility & Corp.orate Bond Trust Inc. (NYSE:DUC) announced a monthly dividend on Wednesday, September 20th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.05 per share by the investment management company on Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Thursday, December 14th.
Duff & Phelps Utility & Corp.orate Bond Trust has decreased its dividend by an average of 10.6% annually over the last three years.
Duff & Phelps Utility & Corp.orate Bond Trust (DUC) traded down 0.11% during midday trading on Wednesday, reaching $9.26. 130,863 shares of the company’s stock traded hands. Duff & Phelps Utility & Corp.orate Bond Trust has a 52 week low of $8.95 and a 52 week high of $9.82. The company’s 50-day moving average price is $9.24 and its 200 day moving average price is $9.23.
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About Duff & Phelps Utility & Corp.orate Bond Trust
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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