DTF DTF Tax-Free Income 2028 Term Fund Inc. — distribution yield, history & ex-dividend dates
$11.48
▲
$0.01(0.09%)
as of Sep 13, 2026 06:20 UTC
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The DTF Tax-Free Income 2028 Term Fund Inc. functions as a closed-end investment company focused on fixed-income assets. It was initiated by Virtus Investment Partners, Inc., and its operations are overseen by Duff & Phelps Investment Management Co. The fund's core investment approach involves constructing a diverse portfolio primarily composed of high-grade, tax-exempt bonds from utility companies. Its holdings encompass a broad range of sectors, including water and sewer infrastructure, electric power providers, prerefunded obligations, pollution control projects, and various non-utility enterprises. All capital is deployed within the U.S. fixed income markets. Established in November 1991 and domiciled in the United States, the fund previously operated under the name DTF Tax-Free Income Inc.
Distribution Snapshot
StatusFlat
Latest Distribution$0.0325
Forward Annual$0.39
FrequencyMonthly
Last Ex-DateSep 15, 2026
Next Ex-DateSep 15, 2026
Next Pay DateSep 29, 2026
1-Yr Growth0.0%
10-Yr Growth-7.8%
Key Metrics
Distribution Yield
3.40%
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Distribution
$0.3900
The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.Frequency
M Monthly
How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.Rank Score
61.9
Our 0-100 house score blending yield, payout safety, growth and momentum. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
46
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$11.27 – $11.60
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
n/a
The share of GAAP earnings paid out as dividends. Lower leaves more cushion; above 100% means paying out more than the company earns. It shows n/a for BDCs, REITs and funds, which pay out of cash flow / net investment income rather than GAAP earnings, so this ratio doesn't apply.Years Paying
34
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book
0.94
Price-to-book ratio: share price divided by book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
S
Solid
Below the Solid check (model rank 70+ and yield 2%+): rank 62/100, yield 3.40%.
A
Accelerating
Dividend growth has stalled — 0 consecutive annual increase(s), under the 3 this check looks for.
F
Flawless
A dividend cut or reduction appears in the record.
E
Enduring
34 years of dividend payments on record.
Quote & Key Data
ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume2,326How many shares changed hands in the latest session — a rough read on trading activity.
Open$11.44The price at the start of the latest trading session.
Day Range$11.44 – $11.49The lowest and highest price during the latest trading session.
Prev Close$11.47The closing price from the previous trading session.
Market Cap$80.07MThe company's total market value: share price times shares outstanding.
Shares Out6.97MThe total number of shares the company has issued.
EPSn/aEarnings per share — profit divided by shares outstanding. Dividends are paid out of these earnings.
P/En/aPrice-to-earnings ratio: share price divided by earnings per share. A rough gauge of how richly the stock is valued.
Ex-DistributionSep 15, 2026Buy before this date to receive the upcoming payment. Buy on or after it and the seller keeps that one.
Pay DateSep 29, 2026The date the dividend is actually paid into shareholders' accounts.
Distribution Growth
3-Yr Growth (CAGR)0.0%The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
5-Yr Growth (CAGR)-4.1%The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
Consecutive Increases0 yrsThe number of years in a row the dividend has increased — a track record of reliability.
Why the Yield Moved (90 Days)
DTF's distribution yield fell from 3.40% to 3.40% over the past ~90 days (-0.00 pp). Of that move, +0.00 pp came from changes in the distribution rate and -0.00 pp from the share price ($11.47 → $11.48). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Current3.40%
1-Yr Average3.41%
Low / High3.36% – 3.50%
Percentile19%
Across 326 daily observations over the past 15 months, DTF's current yield is higher than approximately 19% of them. Our stored price history for DTF covers the past 15 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Distribution History
Distribution Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.0325 M | Regular | Jun 15, 2026 | Sep 15, 2026 | Sep 15, 2026 | Sep 29, 2026 |
| $0.0325 M | Regular | Jun 15, 2026 | Aug 17, 2026 | Aug 17, 2026 | Aug 28, 2026 |
| $0.0325 M | Regular | Jun 15, 2026 | Jul 15, 2026 | Jul 15, 2026 | Jul 30, 2026 |
| $0.0325 M | Regular | Mar 16, 2026 | Jun 15, 2026 | Jun 15, 2026 | Jun 29, 2026 |
| $0.0325 M | Regular | Mar 16, 2026 | May 15, 2026 | May 15, 2026 | May 28, 2026 |
| $0.0325 M | Regular | Mar 16, 2026 | Apr 15, 2026 | Apr 15, 2026 | Apr 29, 2026 |
| $0.0325 M | Regular | Dec 11, 2025 | Mar 16, 2026 | Mar 16, 2026 | Mar 30, 2026 |
| $0.0325 M | Regular | Dec 11, 2025 | Feb 17, 2026 | Feb 17, 2026 | Feb 26, 2026 |
| $0.0325 M | Regular | Dec 11, 2025 | Jan 15, 2026 | Jan 15, 2026 | Jan 29, 2026 |
| $0.0325 M | Regular | Sep 18, 2025 | Dec 15, 2025 | Dec 15, 2025 | Dec 31, 2025 |
| $0.0325 M | Regular | Sep 18, 2025 | Nov 17, 2025 | Nov 17, 2025 | Nov 28, 2025 |
| $0.0325 M | Regular | Sep 18, 2025 | Oct 15, 2025 | Oct 15, 2025 | Oct 31, 2025 |
| $0.0325 M | Regular | Jun 16, 2025 | Sep 15, 2025 | Sep 15, 2025 | Sep 30, 2025 |
| $0.0325 M | Regular | Jun 16, 2025 | Aug 15, 2025 | Aug 15, 2025 | Aug 29, 2025 |
| $0.0325 M | Regular | Jun 16, 2025 | Jul 15, 2025 | Jul 15, 2025 | Jul 31, 2025 |
| $0.0325 M | Regular | Mar 17, 2025 | Jun 16, 2025 | Jun 16, 2025 | Jun 30, 2025 |
| $0.0325 M | Regular | Mar 17, 2025 | May 15, 2025 | May 15, 2025 | May 30, 2025 |
| $0.0325 M | Regular | Mar 17, 2025 | Apr 15, 2025 | Apr 15, 2025 | Apr 30, 2025 |
| $0.0325 M | Regular | Dec 16, 2024 | Mar 17, 2025 | Mar 17, 2025 | Mar 31, 2025 |
| $0.0325 M | Regular | Dec 16, 2024 | Feb 18, 2025 | Feb 18, 2025 | Feb 28, 2025 |
| $0.0325 M | Regular | Dec 16, 2024 | Jan 15, 2025 | Jan 15, 2025 | Jan 31, 2025 |
| $0.0325 M | Regular | Sep 19, 2024 | Dec 16, 2024 | Dec 16, 2024 | Dec 31, 2024 |
| $0.0325 M | Regular | Sep 19, 2024 | Nov 15, 2024 | Nov 15, 2024 | Nov 29, 2024 |
| $0.0325 M | Regular | Sep 19, 2024 | Oct 15, 2024 | Oct 15, 2024 | Oct 31, 2024 |
| $0.0325 M | Regular | Jun 17, 2024 | Sep 16, 2024 | Sep 16, 2024 | Sep 30, 2024 |
| $0.0325 M | Regular | Jun 17, 2024 | Aug 15, 2024 | Aug 15, 2024 | Aug 30, 2024 |
| $0.0325 M | Regular | Jun 17, 2024 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 |
| $0.0325 M | Regular | Mar 15, 2024 | Jun 17, 2024 | Jun 17, 2024 | Jun 28, 2024 |
| $0.0325 M | Regular | Mar 15, 2024 | May 14, 2024 | May 15, 2024 | May 31, 2024 |
| $0.0325 M | Regular | Mar 15, 2024 | Apr 12, 2024 | Apr 15, 2024 | Apr 30, 2024 |
| $0.0325 M | Regular | Dec 14, 2023 | Mar 14, 2024 | Mar 15, 2024 | Mar 28, 2024 |
| $0.0325 M | Regular | Dec 14, 2023 | Feb 14, 2024 | Feb 15, 2024 | Feb 29, 2024 |
| $0.0325 M | Regular | Dec 14, 2023 | Jan 12, 2024 | Jan 16, 2024 | Jan 31, 2024 |
| $0.0325 M | Regular | Sep 21, 2023 | Dec 14, 2023 | Dec 15, 2023 | Dec 29, 2023 |
| $0.0325 M | Regular | Sep 21, 2023 | Nov 14, 2023 | Nov 15, 2023 | Nov 30, 2023 |
| $0.0325 M | Regular | Sep 21, 2023 | Oct 13, 2023 | Oct 16, 2023 | Oct 31, 2023 |
| $0.0325 M | Regular | Jun 15, 2023 | Sep 14, 2023 | Sep 15, 2023 | Sep 29, 2023 |
| $0.0325 M | Regular | Jun 15, 2023 | Aug 14, 2023 | Aug 15, 2023 | Aug 31, 2023 |
| $0.0325 M | Regular | Jun 15, 2023 | Jul 14, 2023 | Jul 17, 2023 | Jul 31, 2023 |
| $0.0325 M | Regular | Mar 15, 2023 | Jun 14, 2023 | Jun 15, 2023 | Jun 30, 2023 |
| $0.0325 M | Regular | Mar 15, 2023 | May 12, 2023 | May 15, 2023 | May 31, 2023 |
| $0.0325 M | Regular | Mar 15, 2023 | Apr 14, 2023 | Apr 17, 2023 | Apr 28, 2023 |
| $0.0325 M | Regular | Dec 15, 2022 | Mar 14, 2023 | Mar 15, 2023 | Mar 31, 2023 |
| $0.0325 M | Regular | Dec 15, 2022 | Feb 14, 2023 | Feb 15, 2023 | Feb 28, 2023 |
| $0.0325 I | Regular | Dec 15, 2022 | Jan 13, 2023 | Jan 17, 2023 | Jan 31, 2023 |
| $0.0325 I | Regular | Sep 22, 2022 | Dec 14, 2022 | Dec 15, 2022 | Dec 30, 2022 |
| $0.0325 M | Regular | Sep 22, 2022 | Nov 14, 2022 | Nov 15, 2022 | Nov 30, 2022 |
| $0.0325 M | Regular | Sep 22, 2022 | Oct 14, 2022 | Oct 17, 2022 | Oct 31, 2022 |
| $0.0325 M | Regular | Jun 09, 2022 | Sep 14, 2022 | Sep 15, 2022 | Sep 30, 2022 |
| $0.0325 M | Regular | Jun 09, 2022 | Aug 12, 2022 | Aug 15, 2022 | Aug 31, 2022 |
| $0.0325 M | Regular | Jun 09, 2022 | Jul 14, 2022 | Jul 15, 2022 | Jul 29, 2022 |
| $0.0325 M | Regular | Mar 07, 2022 | Jun 14, 2022 | Jun 15, 2022 | Jun 30, 2022 |
| $0.0325 M | Regular | Mar 07, 2022 | May 13, 2022 | May 16, 2022 | May 31, 2022 |
| $0.0325 M | Regular | Mar 07, 2022 | Apr 14, 2022 | Apr 18, 2022 | Apr 29, 2022 |
| $0.0325 M | Regular | Dec 16, 2021 | Mar 14, 2022 | Mar 15, 2022 | Mar 31, 2022 |
| $0.0325 M | Regular | Dec 16, 2021 | Feb 14, 2022 | Feb 15, 2022 | Feb 28, 2022 |
| $0.0325 M | Regular | Dec 16, 2021 | Jan 14, 2022 | Jan 18, 2022 | Jan 31, 2022 |
| $0.1645 I | Regular | Dec 16, 2021 | Dec 29, 2021 | Dec 30, 2021 | Jan 11, 2022 |
| $0.0325 M | Regular | Sep 20, 2021 | Dec 14, 2021 | Dec 15, 2021 | Dec 31, 2021 |
| $0.0330 M | Regular | Sep 20, 2021 | Nov 12, 2021 | Nov 15, 2021 | Nov 30, 2021 |
| $0.0325 M | Regular | Sep 20, 2021 | Oct 14, 2021 | Oct 15, 2021 | Oct 29, 2021 |
| $0.0400 M | Regular | Jun 09, 2021 | Sep 14, 2021 | Sep 15, 2021 | Sep 30, 2021 |
| $0.0400 M | Regular | Jun 09, 2021 | Aug 13, 2021 | Aug 16, 2021 | Aug 31, 2021 |
| $0.0400 M | Regular | Jun 09, 2021 | Jul 14, 2021 | Jul 15, 2021 | Jul 30, 2021 |
| $0.0400 M | Regular | Mar 08, 2021 | Jun 14, 2021 | Jun 15, 2021 | Jun 30, 2021 |
| $0.0400 M | Regular | Mar 08, 2021 | May 14, 2021 | May 17, 2021 | May 28, 2021 |
| $0.0400 M | Regular | Mar 08, 2021 | Apr 14, 2021 | Apr 15, 2021 | Apr 30, 2021 |
| $0.0400 M | Regular | Dec 17, 2020 | Mar 12, 2021 | Mar 15, 2021 | Mar 31, 2021 |
| $0.0400 M | Regular | Dec 17, 2020 | Feb 12, 2021 | Feb 16, 2021 | Feb 26, 2021 |
| $0.0400 M | Regular | Dec 17, 2020 | Jan 14, 2021 | Jan 15, 2021 | Jan 29, 2021 |
| $0.0002 S | Regular | Dec 17, 2020 | Dec 30, 2020 | Dec 31, 2020 | Jan 11, 2021 |
| $0.0400 M | Regular | Sep 16, 2020 | Dec 14, 2020 | Dec 15, 2020 | Dec 31, 2020 |
| $0.0400 M | Regular | Sep 16, 2020 | Nov 13, 2020 | Nov 16, 2020 | Nov 30, 2020 |
| $0.0400 M | Regular | Sep 16, 2020 | Oct 14, 2020 | Oct 15, 2020 | Oct 30, 2020 |
| $0.0400 M | Regular | Jun 11, 2020 | Sep 14, 2020 | Sep 15, 2020 | Sep 30, 2020 |
| $0.0400 M | Regular | Jun 11, 2020 | Aug 14, 2020 | Aug 17, 2020 | Aug 31, 2020 |
| $0.0400 M | Regular | Jun 11, 2020 | Jul 14, 2020 | Jul 15, 2020 | Jul 31, 2020 |
| $0.0400 M | Regular | Mar 09, 2020 | Jun 12, 2020 | Jun 15, 2020 | Jun 30, 2020 |
| $0.0400 M | Regular | Mar 09, 2020 | May 14, 2020 | May 15, 2020 | May 29, 2020 |
| $0.0400 M | Regular | Mar 09, 2020 | Apr 14, 2020 | Apr 15, 2020 | Apr 30, 2020 |
| $0.0400 M | Regular | Dec 19, 2019 | Mar 13, 2020 | Mar 16, 2020 | Mar 31, 2020 |
| $0.0400 M | Regular | Dec 19, 2019 | Feb 14, 2020 | Feb 18, 2020 | Feb 28, 2020 |
| $0.0400 M | Regular | Dec 19, 2019 | Jan 14, 2020 | Jan 15, 2020 | Jan 31, 2020 |
| $0.0058 M | Regular | Dec 19, 2019 | Dec 30, 2019 | Dec 31, 2019 | Jan 08, 2020 |
| $0.0400 M | Regular | Sep 19, 2019 | Dec 13, 2019 | Dec 16, 2019 | Dec 31, 2019 |
| $0.0400 M | Regular | Sep 19, 2019 | Nov 14, 2019 | Nov 15, 2019 | Nov 29, 2019 |
| $0.0400 M | Regular | Sep 19, 2019 | Oct 11, 2019 | Oct 15, 2019 | Oct 31, 2019 |
| $0.0350 M | Regular | Jun 13, 2019 | Sep 13, 2019 | Sep 16, 2019 | Sep 30, 2019 |
| $0.0350 M | Regular | Jun 13, 2019 | Aug 14, 2019 | Aug 15, 2019 | Aug 30, 2019 |
| $0.0350 M | Regular | Jun 13, 2019 | Jul 12, 2019 | Jul 15, 2019 | Jul 31, 2019 |
| $0.0350 M | Regular | Mar 12, 2019 | Jun 14, 2019 | Jun 17, 2019 | Jun 28, 2019 |
| $0.0350 M | Regular | Mar 12, 2019 | May 14, 2019 | May 15, 2019 | May 31, 2019 |
| $0.0350 M | Regular | Mar 12, 2019 | Apr 12, 2019 | Apr 15, 2019 | Apr 30, 2019 |
| $0.0350 M | Regular | Dec 13, 2018 | Mar 14, 2019 | Mar 15, 2019 | Mar 29, 2019 |
| $0.0350 M | Regular | Dec 13, 2018 | Feb 14, 2019 | Feb 15, 2019 | Feb 28, 2019 |
| $0.0350 M | Regular | Dec 13, 2018 | Jan 14, 2019 | Jan 15, 2019 | Jan 31, 2019 |
| $0.1236 S | Regular | Dec 13, 2018 | Dec 28, 2018 | Dec 31, 2018 | Jan 09, 2019 |
| $0.0350 M | Regular | Sep 13, 2018 | Dec 14, 2018 | Dec 17, 2018 | Dec 31, 2018 |
| $0.0350 M | Regular | Sep 13, 2018 | Nov 14, 2018 | Nov 15, 2018 | Nov 30, 2018 |
| $0.0350 M | Regular | Sep 13, 2018 | Oct 12, 2018 | Oct 15, 2018 | Oct 31, 2018 |
| $0.0500 M | Regular | Jun 14, 2018 | Sep 14, 2018 | Sep 17, 2018 | Sep 28, 2018 |
| $0.0500 M | Regular | Jun 14, 2018 | Aug 14, 2018 | Aug 15, 2018 | Aug 31, 2018 |
| $0.0500 M | Regular | Jun 14, 2018 | Jul 13, 2018 | Jul 16, 2018 | Jul 31, 2018 |
| $0.0500 M | Regular | Mar 13, 2018 | Jun 14, 2018 | Jun 15, 2018 | Jun 29, 2018 |
| $0.0500 M | Regular | Mar 13, 2018 | May 14, 2018 | May 15, 2018 | May 31, 2018 |
| $0.0500 M | Regular | Mar 13, 2018 | Apr 13, 2018 | Apr 16, 2018 | Apr 30, 2018 |
| $0.0500 M | Regular | Dec 14, 2017 | Mar 14, 2018 | Mar 15, 2018 | Mar 29, 2018 |
| $0.0500 M | Regular | Dec 14, 2017 | Feb 14, 2018 | Feb 15, 2018 | Feb 28, 2018 |
| $0.0500 M | Regular | Dec 14, 2017 | Jan 12, 2018 | Jan 16, 2018 | Jan 31, 2018 |
| $0.0366 S | Regular | Dec 14, 2017 | Dec 28, 2017 | Dec 29, 2017 | Jan 10, 2018 |
| $0.0500 M | Regular | Sep 19, 2017 | Dec 14, 2017 | Dec 15, 2017 | Dec 29, 2017 |
| $0.0500 M | Regular | Sep 19, 2017 | Nov 14, 2017 | Nov 15, 2017 | Nov 30, 2017 |
| $0.0500 M | Regular | Sep 19, 2017 | Oct 13, 2017 | Oct 16, 2017 | Oct 31, 2017 |
| $0.0500 M | Regular | Jun 15, 2017 | Sep 14, 2017 | Sep 15, 2017 | Sep 29, 2017 |
| $0.0500 M | Regular | Jun 15, 2017 | Aug 11, 2017 | Aug 15, 2017 | Aug 31, 2017 |
| $0.0500 M | Regular | Jun 15, 2017 | Jul 13, 2017 | Jul 17, 2017 | Jul 31, 2017 |
| $0.0500 M | Regular | Mar 14, 2017 | Jun 13, 2017 | Jun 15, 2017 | Jun 30, 2017 |
| $0.0500 M | Regular | Mar 14, 2017 | May 11, 2017 | May 15, 2017 | May 31, 2017 |
| $0.0500 M | Regular | Mar 14, 2017 | Apr 12, 2017 | Apr 17, 2017 | Apr 28, 2017 |
| $0.0700 M | Regular | Dec 15, 2016 | Mar 13, 2017 | Mar 15, 2017 | Mar 31, 2017 |
Peer Comparison
Selected closed-end fund distribution payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| ADKT | The Adirondack Trust Company | 4.61% | 11.3% | 5 yrs | 81 |
| FCR-UN.TO | First Capital Real Estate Investment Trust | 4.03% | 0.6% | 1 yr | 79 |
| SOR | Source Capital, Inc. | 5.42% | 8.8% | 0 yrs | 78 |
| STEW | SRH Total Return Fund, Inc. | 4.36% | 10.1% | 4 yrs | 78 |
Related Guides & Lists
DTF dividend — frequently asked questions
Does DTF Tax-Free Income 2028 Term Fund Inc. pay a dividend?
Yes. DTF Tax-Free Income 2028 Term Fund Inc. (DTF) currently pays a dividend. The annualized dividend is about $0.39 per share, a yield of approximately 3.40%.
What is DTF Tax-Free Income 2028 Term Fund Inc.'s dividend yield?
DTF Tax-Free Income 2028 Term Fund Inc.'s dividend yield is approximately 3.40%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does DTF Tax-Free Income 2028 Term Fund Inc. pay dividends?
DTF Tax-Free Income 2028 Term Fund Inc. pays dividends monthly — 12 times per year.
When is DTF Tax-Free Income 2028 Term Fund Inc.'s next ex-dividend date?
The next ex-dividend date on record for DTF Tax-Free Income 2028 Term Fund Inc. is September 15, 2026. The associated payment is $0.0325 per share; you must own the shares before the ex-dividend date to receive it.
How long has DTF Tax-Free Income 2028 Term Fund Inc. paid dividends?
DTF Tax-Free Income 2028 Term Fund Inc. has 34 years of dividend payments on record.
Data updated Sep 13, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.