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Duff & Phelps Utility and Infrastructure Fund Inc. (symbol: DPG) is a distinguished investment fund managed by Duff & Phelps Investment Management Co., an experienced Chicago-based SEC-registered investment advisor. Established in 1932 as an investment research firm, Duff & Phelps brings over three decades of expertise in handling investment portfolios for institutional separate accounts and both open- and closed-end funds.
DPG's primary investment objective is to achieve total return, mainly driven by a high level of current income, with a focus on offering tax-advantaged dividend income. The fund's strategy is centered on investing in global utilities, infrastructure, and various other sectors that provide stable returns and potential for growth.
Headquartered in Chicago, Duff & Phelps has built a robust reputation in the investment community. Their product lines include global utilities, global infrastructure, global real estate, investment-grade fixed income, and large-cap equities, ensuring a diversified and resilient investment portfolio. The company is a wholly-owned subsidiary of Virtus Investment Partners (Nasdaq: VRTS), enhancing its credibility and operational excellence.
Over the years, Duff & Phelps has garnered significant recognition, winning 20 Lipper Awards for top performance compared to its peers. Such accolades underscore the company's commitment to delivering exceptional value and returns to its investors. DPG continues to be a reliable choice for investors seeking steady income and long-term growth potential through its well-rounded and expertly managed investment strategies.
Recent developments highlight DPG's ongoing efforts to adapt and thrive in a dynamic market environment. The fund remains focused on identifying and capitalizing on opportunities within the utility and infrastructure sectors. Investors can expect consistent updates on DPG's performance, projects, and strategic initiatives aimed at maximizing returns and ensuring portfolio stability.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced monthly dividend payments of $0.07 per share for January, February, and March 2025, payable on February 10, March 10, and April 10, respectively. The fund operates under a Managed Distribution Plan, distributing available investment income and, if necessary, realized capital gains or return of capital to maintain the monthly distribution level.
For November 2024, the distribution sources were: 52.8% from net investment income, 34.3% from short-term capital gains, and 12.9% from long-term capital gains. The fund's 5-year average annual return on NAV is 8.24%, with a current annualized distribution rate of 6.02% of NAV. The fiscal year's cumulative total return on NAV stands at 9.65%.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable December 10, 2024. The November 2024 distribution sources include: 52.8% from net investment income, 34.3% from short-term capital gains, and 12.9% from long-term capital gains.
The Fund's performance metrics show a 5.38% average annual total return on NAV for the past 5 years, with a 39.57% cumulative total return for the fiscal year. The current annualized distribution rate is 6.56% of NAV, while cumulative fiscal year distributions represent 7.11% of NAV.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable November 12, 2024. Under its Managed Distribution Plan, the October distribution consists entirely of return of capital (100%). Year-to-date distributions total $0.910 per share, with 98.5% from return of capital and 1.5% from net investment income. The Fund's 5-year average annual return on NAV is 4.80%, with a current annualized distribution rate of 6.52% of NAV. The Fund's fiscal year-to-date total return on NAV stands at 39.70%.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced its dividend schedule for the upcoming months. The Board of Directors has authorized monthly dividends of $0.07 per share, payable on November 12, 2024, December 10, 2024, and January 10, 2025. This aligns with the Fund's Managed Distribution Plan, adopted in 2015, which aims to distribute all available investment income to shareholders.
The Fund's September 2024 distribution is estimated to be 100% return of capital. Year-to-date distributions are 98.3% return of capital and 1.7% net investment income. As of August 30, 2024, the Fund's average annual total return on NAV for the past 5 years was 4.45%, with an annualized current distribution rate of 6.73% of NAV.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) has announced its monthly distribution of $0.07 per share, payable on September 10, 2024, to shareholders of record on August 30, 2024. The fund operates under a Managed Distribution Plan, aiming to distribute all available investment income to shareholders. For the August 2024 distribution, 100% of the $0.07 per share amount is categorized as Return of Capital.
Year-to-date, the fund has distributed $0.770 per share, with 98.2% classified as Return of Capital and only 1.8% as Net Investment Income. As of July 31, 2024, DPG's average annual total return on NAV for the past 5 years was 3.46%, and its annualized current distribution rate as a percentage of NAV was 7.06%. The fund's cumulative total return on NAV for the fiscal year stood at 27.54%.
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.
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