Is It Time To Review Stock News? Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG)

Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) spotted trading -3.00% off 52-week high price. On the other end, the stock has been noted 36.98% away from the low price over the last 52-weeks. The stock changed 0.06% to recent value of $15.52. The stock transacted 88533 shares during most recent day however it has an average volume of 116.59K shares. The company has 37.93M of outstanding shares.  

 On Sept. 19, 2019, The Board of Directors of Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) a closed-end fund advised by Duff & Phelps Investment Management Co.,  authorized the payment of dividends on its common stock as follows:

Cents Per  Share                   Ex-Date  Record Date    Payable Date

$0.35   December 13, 2019     December 16, 2019     December 31, 2019

The Fund adopted a Managed Distribution Plan (the Plan) in 2015 to maintain its current 35 cent 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. If and when sufficient investment income is not available on a quarterly basis, the Fund will distribute realized capital gains and/or return of capital to its shareholders in order to maintain the 35 cent per share distribution level.

 The price moved ahead of -0.19% from the mean of 20 days, 0.17% from mean of 50 days SMA and performed 5.83% from mean of 200 days price. Company’s performance for the week was -1.77%, 0.91% for month and YTD performance remained 30.97%.

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