Duff & Phelps Utility Fund Announces Upcoming Dividends

Duff & Phelps Utility Fund Announces Upcoming Dividends

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) has made an announcement regarding the payment of dividends on its shares. The Fund has officially authorized dividends on its common stock that reflect its continued objective of providing solid returns to investors. Investors can anticipate a distribution of $0.07 per share, a consistent amount that underscores the Fund's commitment to delivering value.

Dividend Payment Schedule

The Board of Directors has outlined a clear schedule for the upcoming dividend payments. These payments are designed to ensure that shareholders receive their distributions punctually, which is crucial for retaining investor confidence.

Details of the Dividend Payments

The dividend will be scheduled as follows:

Per Share Amount: $0.07

• Ex-Date: October 31, 2024
• Record Date: October 31, 2024
• Payable Date: November 12, 2024

The Fund is dedicated to providing its shareholders with not just income but also assurances about the management of their investments. An additional payment will also follow in November and December, ensuring that shareholders receive their fair share of investments in the utility sector.

Managed Distribution Plan Overview

To maintain a consistent distribution for its investors, Duff & Phelps Utility and Infrastructure Fund Inc. operates under a Managed Distribution Plan, adopted in 2015. This strategic approach allows the Fund to distribute all available income to shareholders, maintaining a steady income flow.

What the Managed Distribution Plan Entails

In instances where the Fund generates insufficient income monthly, it can still sustain its distribution levels via realized capital gains or returns of capital. This is meant to preserve the attractiveness of the Fund to investors, as it aims to provide a continuous $0.07 per share distribution regardless of market fluctuations.

Performance Metrics and Distribution Sources

It is important to recognize how distributions are sourced and how they might affect the net investment income. The Fund's distributions are not solely from investment income; instead, they may also include capital returns, indicating some returns may simply be the return of investor capital.

The latest distribution estimates reflect the financial health of the Fund:

• Net Investment Income per Share: $0.000
• Return of Capital per Share: $0.070 (100% of current distribution)

These figures emphasize the need for investors to remain aware of how their investment returns are structured and the implications this may have on their overall investment strategy.

Understanding Total Returns and NAV

As of August 30, 2024, the Fund reported several key performance metrics:

• Average Annual Total Return on NAV for the Previous 5 Years: 4.45%
• Annualized Current Distribution Rate as Percentage of NAV: 6.73%
• Cumulative Total Return on NAV for the Fiscal Year: 34.61%
• Cumulative Fiscal Year Distributions as Percentage of NAV: 6.17%

These statistics highlight the Fund's strong performance and its commitment to its investment strategy, enabling it to provide attractive returns to its investors.

Conclusion and Investor Insights

The Duff & Phelps Utility and Infrastructure Fund Inc. remains a prime choice for investors seeking stable income from utility and infrastructure sectors. Understanding its dividend strategy and distribution sources is essential for current and prospective shareholders.

Frequently Asked Questions

1. What is the dividend amount announced by the Fund?

The Fund has announced a dividend of $0.07 per share for its investors.

2. When will the dividends be paid?

The dividends are scheduled to be payable on November 12, 2024.

3. What does the Managed Distribution Plan involve?

It involves distributing available investment income consistently, even utilizing capital gains if necessary to maintain distribution levels.

4. How can I find out more about the Fund's performance?

Investors can check various performance metrics such as the average annual total return and the annualized current distribution rate.

5. Who manages the Duff & Phelps Utility and Infrastructure Fund?

The fund is managed by Duff & Phelps Investment Management Co., focusing on listed real asset strategies.

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