Dividend Information About DTF Tax-Free Income 2028 Term Fund: Everything You Need To Know Before Its Ex-Dividend Date on Sep 15, 2025

DTF Tax-Free Income 2028 Term Fund (DTF) has announced a cash dividend of $0.03250000 per share, with an ex-dividend date set for Sep 15, 2025. Shareholders of record on Sep 30, 2025, will receive the payout, which will be distributed on the same date. The announcement date for this dividend was Jun 16, 2025. Notably, the most recent dividend, issued on Aug 29, 2025, was also $0.03250000 per share, indicating consistency in the payout amount. However, this recent dividend is lower than the average of the last 10 dividend payments, which stood at $0.0614084187. Investors may view this as a potential sign of a reduced distribution trend, though it remains to be seen whether it reflects a strategic shift or a temporary adjustment.

Over the past week, several significant developments have emerged surrounding DTF. Most notably, the fund recently disclosed board retirements, signaling a potential leadership transition that could influence its strategic direction. Additionally, 1607 Capital Partners LLC has increased its stake in DTF to $1.43 million, while Beverly Hills Private Wealth LLC has boosted its holdings in the fund by 23.0% during the first quarter of 2025. These institutional moves suggest growing confidence in the fund's long-term potential. Meanwhile, DTF's current yield stands at 0.03427065, and the fund is trading at a price of $11.38 with a discount of -6.7% to its net asset value. Analysts have noted that the fund’s market discount remains a key factor influencing its valuation.

In recent trading sessions, DTF has shown modest gains, with its share price rising by 0.44% to $11.39, reflecting renewed interest from investors. The fund maintains a market capitalization of approximately $80.067 million and operates within the asset management industry. These fundamentals, combined with the recent institutional investment and board changes, underscore a period of transition and evolving investor sentiment. As of late, the fund continues to attract attention for its tax-free income focus and its positioning in a competitive market environment.

The ex-dividend date of Sep 15, 2025, marks the final day for investors to purchase shares in DTF and still be eligible to receive the upcoming dividend. Any transactions executed after this date will not qualify for the distribution, so investors looking to benefit from this payout should ensure their shares are held by the ex-dividend date.