Duff & Phelps Utility and Price, Forecast, Insider, Ratings, Fundamentals & Signals

Chicago--(business wire)--the board of directors of duff & phelps utility and infrastructure fund inc. (nyse: dpg), a closed-end fund advised by duff & phelps investment management co., today authorized the payment of dividends on its common stock as follows: cents per share ex-date record date payable date 21.0 june 17, 2024 june 17, 2024 june 28, 2024 the fund adopted a managed distribution plan (the “plan”) in 2015. under the plan, the fund will distribute all available investment in.

Chicago--(business wire)--the board of directors of duff & phelps utility and infrastructure fund inc. (nyse: dpg), a closed-end fund advised by duff & phelps investment management co., today authorized the payment of dividends on its common stock as follows: cents per share ex-date record date payable date 21.0 march 14, 2024 march 15, 2024 march 28, 2024 the fund adopted a managed distribution plan (the “plan”) in 2015. under the plan, the fund will distribute all available investment.

Chicago--(business wire)--the board of directors of duff & phelps utility and infrastructure fund inc. (nyse: dpg), a closed-end fund advised by duff & phelps investment management co., today authorized the payment of dividends on its common stock as follows: cents per share ex-date record date payable date 21.0 december 14, 2023 december 15, 2023 december 29, 2023 the fund adopted a managed distribution plan (the “plan”) in 2015. under the plan, the fund will distribute all available i.

Chicago, sept. 22, 2021 /prnewswire/ -- duff & phelps utility and infrastructure fund inc. (nyse: dpg), a closed-end fund advised by duff & phelps investment management co., today announced that on october 22, 2021, it will redeem all of its outstanding floating rate mandatory redeemable preferred shares, series b (cusip no.

Chicago, june 9, 2021 /prnewswire/ -- the board of directors of duff & phelps utility and infrastructure fund inc. (nyse: dpg), a closed-end fund advised by duff & phelps investment management co., today authorized the payment of dividends on its common stock as follows: cents per share          ex-date record date payable date 35.0 september 14, 2021 september 15, 2021 september 30, 2021 the fund adopted a managed distribution plan (the "plan") in 2015 to maintain its current 35 cents per share distribution rate. under the plan, the fund will distribute all available investment income to its shareholders, consistent with the fund's investment objective.

GUT: Destructive Return Of Capital Distributions Makes It Hard To Recommend This Expensive CEF

We had a hold rating on Duff & Phelps Utility and Infrastructure Fund Inc. and had rated its sister fund as a Strong Sell. We look at the returns since that call. We tell you why the large yield and massive discount are not enough of a reason to jump in.

Vanilla investors are freaking out that Jerome Powell & Co. won't cut rates right away.

Duff & Phelps Utility and Infrastructure Fund is currently trading at an attractive discount, presenting a potential opportunity for investors. Lower interest rates could benefit DPG and the utility sector as a whole, potentially leading to a much better performance going forward. The fund's distribution remains more sustainable and quite reasonable after the distribution cut last year.

Duff & Phelps Utility and Infrastructure Fund is trading at a steep 13% discount to NAV with an attractive 9.4% distribution yield. However, DPG has historically underperformed passive ETFs focused on utilities and midstream companies. The fund's high distribution yield appears unsustainable, and investors should seek utility exposure elsewhere.

If you're a big-yield contrarian investor, the 9.2% yield Duff & Phelps Utility and Infrastructure Fund stands out like a sore thumb, as compared to 25 other top big yielders. Specifically, the fund has gotten slammed by its out-of-favor utilities sector exposure, plus the market's emotional overreaction to a recent distribution rightsizing. After reviewing its strategy, current market conditions, and valuation, we conclude with our strong opinion about investing in DPG.

Duff & Phelps Utility and Infrastructure Fund discount has expanded rapidly after their distribution cut earlier in the year. The discount on DPG's shares seems to be stabilizing as there are signs the dust is beginning to settle, offering the potential for better results in the future. Utilities are facing pressure from rising interest rates and inflation, which could impact their ability to sustain distributions even at the new lower rate.

This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in closed-end funds. Overall, I have continued to stick with a low or no-leverage theme in this environment as I look to de-risk my CEF portfolio.

It's been a rough year for utility stocks and utility focused CEFs as interest rates have moved up making their high dividend yields less attractive. So despite a bull market in just about everything this year, the SPDR Utility ETF (XLU) is actually down -3.5% YTD and -6.6% over the last year. Now utilities can mean a lot more than just generating, storing or transmitting electricity, particularly if you throw in infrastructure stocks like pipelines, natural gas, water, alternative energy, etc.

Duff & Phelps Utility and Infrastructure Fund investors experienced a significant distribution cut, causing shares of DPG to fall substantially. The cut was due to increased leverage expenses and overall market conditions, making the previous distribution level unsustainable. Despite the cut, the fund's distribution rate remains attractive at 8.3%, and the fund is now trading at a discount, making it more interesting for investors.