Notable News Spotlight: DTF Tax-Free Income Inc. (NYSE:DTF)

 DTF Tax-Free Income Inc. (NYSE:DTF) spotted trading -0.68% off 52-week high price. On the other end, the stock has been noted 15.87% away from the low price over the last 52-weeks. The stock changed 0.79% to recent value of $14.08. The stock transacted 18836 shares during most recent day however it has an average volume of 19.08K shares. The company has 8.52M of outstanding.  

On Sept. 19, 2019, the Board of Directors of DTF Tax-Free Income Inc. (NYSE:DTF) a closed-end fund advised by Duff & Phelps Investment Management Co., authorized the payment of dividends on the Fund’s common stock as follows:

The Board of Directors determined that the DTF Tax-Free Income Inc. monthly dividend payable October 31, 2019, November 29, 2019 and December 31, 2019 will be in the amount of 4.0 cents per share.  This dividend rate represents an increase of 0.50 cents per share from the previous 3.50 cents per share monthly distribution rate.  This increase in the dividend rate is intended to better align the Fund’s monthly distribution with its current and projected earnings, its increased balance of undistributed net earnings and the municipal closed-end fund market.   The adviser will continue to closely monitor the markets in which the Fund is invested and plans to investigate all options available to support the distribution rate in the future.  This new dividend rate is subject to re-evaluation as the interest rate and credit environment changes.

 The price moved ahead of 0.45% from the mean of 20 days, 0.49% from mean of 50 days SMA and performed 4.61% from mean of 200 days price. Company’s performance for the week was 1.66%, 0.00% for month and YTD performance remained 13.73%.

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