Duff & Phelps Utility & Corp.orate Bond Trust Inc. (NYSE:DUC) announced a monthly dividend on Wednesday, September 20th, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be given a dividend of 0.05 per share by the investment management company on Tuesday, October 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Friday, October 13th.
Duff & Phelps Utility & Corp.orate Bond Trust has decreased its dividend payment by an average of 10.6% per year over the last three years.
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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