DTF Tax-Free Income Inc. Announces Dividends

Rhea-AI Summary

On March 8, 2021, DTF Tax-Free Income Inc. (NYSE: DTF) announced the authorization of dividends totaling 4.0 cents per share for three upcoming periods:

• Ex-Dividend Date: April 14, 2021, Payable Date: April 30, 2021
• Ex-Dividend Date: May 14, 2021, Payable Date: May 28, 2021
• Ex-Dividend Date: June 14, 2021, Payable Date: June 30, 2021

This regular dividend distribution emphasizes the fund's commitment to providing income to shareholders while maintaining a diversified portfolio of tax-exempt obligations.

Positive

• Regular dividends of 4.0 cents per share authorized for three months, signaling financial stability.
• Focus on current income exempt from federal income tax, appealing to income-focused investors.

Negative

• None.

CHICAGO, March 8, 2021 /PRNewswire/ -- On March 8, 2021, the Board of Directors of DTF Tax-Free Income Inc. (NYSE: DTF) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co., authorized the payment of dividends on the Fund's common stock as follows:

Cents Per Share	Ex-Dividend Date	Record Date	Payable Date
4.0	April 14, 2021	April 15, 2021	April 30, 2021
4.0	May 14, 2021	May 17, 2021	May 28, 2021
4.0	June 14, 2021	June 15, 2021	June 30, 2021

About the Fund

DTF Tax-Free Income Inc. is a closed-end diversified investment management company whose investment objective is current income exempt from regular federal income tax consistent with preservation of capital.  The fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations.  For more information, visit www.dpimc.com/dtf or call (800) 338-8214.

About the Investment Adviser

Duff & Phelps Investment Management Co. has more than 40 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure and real estate investment trusts (REITs).  For more information, visit www.dpimc.com.

Duff & Phelps is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager with $132.2 billion under management as of December 31, 2020.  Virtus provides investment management products and services to individuals and institutions through a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand.  Additional information can be found at www.virtus.com.

View original content:http://www.prnewswire.com/news-releases/dtf-tax-free-income-inc-announces-dividends-301242775.html

SOURCE DTF Tax-Free Income Inc.

FAQ

What is the dividend amount for DTF Tax-Free Income Inc. for March 2021?

DTF Tax-Free Income Inc. has authorized a dividend of 4.0 cents per share.

When is the ex-dividend date for DTF Tax-Free Income Inc. in April 2021?

The ex-dividend date for April 2021 is April 14, 2021.

What dates are the dividends payable for DTF Tax-Free Income Inc.?

The dividends are payable on April 30, May 28, and June 30, 2021.

How often does DTF Tax-Free Income Inc. pay dividends?

DTF Tax-Free Income Inc. typically pays dividends on a monthly basis.

Are the dividends from DTF Tax-Free Income Inc. federally taxable?

The dividends are exempt from regular federal income tax, making them attractive for income-focused investors.