“`html
09/18/2025 – 04:25 PM
CHICAGO — Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund managed by Duff & Phelps Investment Management Co., has announced the authorization of its latest dividend payments for common stock.
|
Per Share Amount |
Ex-Date |
Payable Date |
|
|
$0.07 |
October 31, 2025 |
October 31, 2025 |
November 10, 2025 |
|
$0.07 |
November 28, 2025 |
November 28, 2025 |
December 10, 2025 |
|
$0.07 |
December 31, 2025 |
December 31, 2025 |
January 12, 2026 |
The fund operates under a managed distribution plan established in 2015, designed to distribute all available investment income to shareholders in alignment with its core investment objective. To sustain a consistent monthly distribution of $0.07 per share, the fund may, when necessary, distribute realized capital gains and/or return of capital.
Previously, the fund outlined the anticipated sources of these distributions:
|
Distribution Estimates |
August 2025 (MTD) |
Fiscal Year-to-Date (YTD)(1) |
||||
|
(Sources) |
Per Share Amount |
Percentage of Current Distribution |
Per Share Amount |
Percentage of Current Distribution |
||
|
Net Investment Income |
$ |
0.000 |
0.0% |
$ |
0.247 |
35.3% |
|
Net Realized Short-Term Capital Gains |
|
0.000 |
0.0% |
|
0.146 |
20.8% |
|
Net Realized Long-Term Capital Gains |
|
0.070 |
100.0% |
|
0.307 |
43.9% |
|
Return of Capital (or other Capital Source) |
|
0.000 |
0.0% |
|
0.000 |
0.0% |
|
Total Distribution |
$ |
0.070 |
100.0% |
$ |
0.700 |
100.0% |
|
(1) Fiscal year started November 1, 2024. |
||||||
|
As of August 29, 2025 |
|
|
Average annual total return on NAV for the 5 years |
11.83% |
|
Annualized current distribution rate as a percentage of NAV |
6.07% |
|
Cumulative total return on NAV for the fiscal year |
14.01% |
|
Cumulative fiscal year distributions as a percentage of NAV |
5.06% |
The fund management emphasizes that the specifics of distribution sources are estimates and subject to change, advising investors against drawing definitive conclusions about the fund’s performance solely based on distribution amounts or the Plan’s parameters. The fund commits to issuing a separate 19(a) notice at the time of each distribution, detailing the most current financial data.
For tax reporting accuracy, the fund or brokers will furnish a Form 1099-DIV for the applicable calendar year, crucial for appropriately reporting these distributions.
Fund Overview
Duff & Phelps Utility and Infrastructure Fund Inc. targets a robust total return, focusing predominantly on a high level of current income, particularly tax-advantaged dividend income, and growth in current income, with capital appreciation as a secondary objective. The fund strategically invests in equities of both domestic and international utilities and infrastructure companies. Typically, it allocates at least 80% of its total assets to dividend-paying equity securities within the utility (encompassing electric, gas, water, telecommunications, and midstream energy sectors) and infrastructure industries (companies that own or operate essential transportation assets like toll roads, bridges, tunnels, airports, seaports, and railroads).
Investment Advisor Profile
Duff & Phelps Investment Management Co., a Virtus Investment Partners, Inc. affiliate (NYSE: VRTS), specializes in listed real asset strategies. Founded in 1932 as a research firm and managing assets since 1979, it delivers specialized investment strategies for improved client outcomes. Their approach centers on active portfolio management and tailored solutions, prioritizing quality, reliability, and specialization. Their offerings include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy strategies.
“`
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/9570.html
