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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 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%.
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