Duff & Phelps Global Utility Income Fund Inc

Duff & Phelps Utility & Infrastructure Fund, Inc. is a non-diversified, closed-end investment company. It's investment objective is to seek total return resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income, and growth in current income, and secondarily from capital appreciation. It invests in electric, gas, waster, telecommunications, and midstream energy industries. The company was founded on March 15, 2011 and is headquartered in Chicago, IL.

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

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Naturally, one should monitor their portfolio on a regular basis in case there are any news events or market circumstances that can affect a stock price or its dividend adversely.

Want $2000 In Passive Income? Invest $1000 Into These Dividend Stocks

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.

Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividend and Discloses Sources of Distribution Section 19(a) Notice

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.

DPG: Attractive Discount On Infrastructure Exposure

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.

DPG: Amortizing Return Of Principal Fund

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.

DPG: Top 25 Big-Yield CEFs

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.

DPG: Worth A Look As The Dust Settles

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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.

5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)

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.

Equity CEFs: So DPG Cuts, But GUT Won't Have To?

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.

DPG: The Big Cut

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We review CEF market valuation and performance through the third week of June and highlight recent market action. CEFs were mostly up on the week due to improving risk sentiment. We discuss a common CEF triple whammy that investors ought to be aware of.

CEF Weekly Review: Watch Out For CEF Triple Whammies

If you go strictly on valuations, what's happening right now is one of the most ridiculous examples of CEF irregularities that I have ever seen. The highly-regarded Duff & Phelps Utility & Infrastructure fund cut its quarterly distribution last Thursday by -40%, from $0.35/share to $0.21/share. And since then, DPG has lost roughly -25% in MKT price, dropping from a +13.5% premium at $12.72 last Thursday to a current -15% discount at around $9.45.

Equity CEFs: I Continue To Add To DPG

DNP Select Income Fund Inc

DNP Select Income and Duff & Phelps Utility and Infrastructure Fund Inc are two popular income closed-end funds. While their longer-term trends are not identical, they have a lot in common when you examine recent pricing and 3-year performance. One just delivered a massive distribution cut, is the other next?

DPG And DNP: Big Distribution Cut From One, Warning For The Other

CHICAGO--(BUSINESS WIRE)--Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., today announced that on July 14, 2023 it will redeem 200,000 (the “Called Shares”) of its 1,600,000 issued and outstanding Floating Rate Mandatory Redeemable Preferred Shares, Series C (the “Series C MRP Shares”) (CUSIP No. 26433C4#9). This partial redemption is being made at this time at the Fund's voluntary option and as part o.

Duff & Phelps Utility and Infrastructure Fund Inc. To Partially Redeem Floating Rate Mandatory Redeemable Preferred Shares, Series C

CHICAGO--(BUSINESS WIRE)--The Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) today announced that Ellen Elberfeld, CFA, will retire from her position as co-portfolio manager of the fund, effective May 5, 2023. The fund's Chief Investment Officer and Co-Portfolio Manager Eric Elvekrog, CFA, CPA, who is senior managing director and senior portfolio manager, infrastructure at Duff & Phelps Investment Management Co.

Duff & Phelps Utility and Infrastructure Fund Inc. Announces Retirement of Co-Portfolio Manager

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Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

Investors are undoubtedly looking for some safety considering that we have seen three bank failures in less than a week. Duff & Phelps Utility and Infrastructure Fund invest in a portfolio of utilities and infrastructure companies that should be able to provide this safety considering their inherent stability.

DPG: A Bastion Of Stability In Uncertain Times, But A Pricey One

DPG has continued to push into a higher premium after breaking into premium territory in 2021 for the first time since its inception. The fund's distribution has been steady, and although the NAV rate is elevated, I wouldn't expect a cut.

DPG: Fine Fund, High Premium

Utilities and infrastructure companies tend to make good investments during uncertain times because of their overall stability and reasonably high yields. DPG invests in a portfolio of these assets with the goal of providing its investors with a high level of current income.

DPG: Underperforming The Index But Might Make Sense If The Price Drops

Now that DPG is trading down and yields are going above 10% by a decent margin, one might want to consider it for its income and exposures. Oil and gas infrastructure, whether commodity exposed or not, are decent investments right now.

DPG: Leverage Will Be More Costly, But Income Is Stable

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Several of the utility/infrastructure funds in the CEF space are pretty popular. The utility and infrastructure space can be a good fit for a CEF portfolio, providing steady income through regular cash flow due to being necessary for everyday life.

Closed-End Funds: A Check On The Utility/Infrastructure Space

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For the eleventh month in 12, equity CEFs on average witnessed plus-side returns, rising 3.48% on a NAV basis for October. While for the second consecutive month fixed income CEFs posted returns in the red (-0.14%).

The Month In Closed-End Funds: October 2021

Utilities and infrastructure are generally good entities for retirees and other income-focused investors. DPG invests in these generally stable entities and boasts a reasonably diversified portfolio that is mostly focused on utilities and midstream.

DPG: Good Fund, Reasonable But Premium Valuation

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.

Duff & Phelps Utility and Infrastructure Fund Inc. To Redeem Floating Rate Mandatory Redeemable Preferred Shares, Series B

DPG has an attractive 9.6% yield and I like the manager. This is a great investment if it can support the distribution.

News for Duff & Phelps Global Utility Income Fund Inc ETF (DPG)