Duff & Phelps Utility and Infrastructure Fund Key Executives
This section highlights Duff & Phelps Utility and Infrastructure Fund's key executives, including their titles and compensation details.
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Duff & Phelps Utility and Infrastructure Fund Earnings
This section highlights Duff & Phelps Utility and Infrastructure Fund's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Financial Statements
Access annual & quarterly financial statements for Duff & Phelps Utility and Infrastructure Fund, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | October 31, 2024 | October 31, 2023 | October 31, 2022 | October 31, 2021 | October 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $143.46M | $-37.26M | $-12.48M | $123.39M | $-108.48M |
| Cost of Revenue | $- | $6.91M | $8.05M | $8.09M | $8.25M |
| Gross Profit | $143.46M | $-44.18M | $-20.53M | $115.30M | $-116.74M |
| Gross Profit Ratio | 100.00% | 118.56% | 164.52% | 93.45% | 107.61% |
| Research and Development Expenses | $- | $- | $-0 | $4 | $7 |
| General and Administrative Expenses | $1.06M | $1.13M | $1.12M | $1.14M | $1.16M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.06M | $1.13M | $1.12M | $1.14M | $1.16M |
| Other Expenses | $10.81K | $-38.39M | $-976.92K | $14.30K | $15.36K |
| Operating Expenses | $1.07M | $-37.26M | $147.01K | $1.15M | $1.17M |
| Cost and Expenses | $1.07M | $-37.26M | $147.01K | $1.15M | $1.17M |
| Interest Income | $- | $- | $- | $- | $- |
| Interest Expense | $10.48M | $10.83M | $4.56M | $3.36M | $5.86M |
| Depreciation and Amortization | $- | $- | $228.49K | $236.56K | $206.30K |
| EBITDA | $152.92M | $-27.59M | $-8.06M | $125.60M | $-103.80M |
| EBITDA Ratio | 106.60% | 74.04% | 64.61% | 101.79% | 95.68% |
| Operating Income | $142.39M | $-27.59M | $-8.06M | $125.60M | $-103.80M |
| Operating Income Ratio | 99.25% | 74.04% | 64.61% | 101.79% | 95.68% |
| Total Other Income Expenses Net | $- | $-10.81M | $-4.56M | $-3.74M | $-5.80M |
| Income Before Tax | $142.39M | $-38.40M | $-12.63M | $122.24M | $-109.66M |
| Income Before Tax Ratio | 99.25% | 103.06% | 101.18% | 99.07% | 101.08% |
| Income Tax Expense | $- | $- | $-7.90M | $125.79M | $-103.86M |
| Net Income | $142.39M | $-38.40M | $-12.63M | $122.24M | $-109.66M |
| Net Income Ratio | 99.25% | 103.06% | 101.18% | 99.07% | 101.08% |
| EPS | $3.73 | $-1.01 | $-0.33 | $3.22 | $-2.89 |
| EPS Diluted | $3.73 | $-1.01 | $-0.33 | $3.22 | $-2.89 |
| Weighted Average Shares Outstanding | 37.32M | 38.02M | 38.12M | 37.99M | 37.94M |
| Weighted Average Shares Outstanding Diluted | 37.32M | 38.02M | 38.12M | 37.99M | 37.94M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | October 31, 2024 | April 30, 2024 | October 31, 2023 | April 30, 2023 | October 31, 2022 | April 30, 2022 | October 31, 2021 | April 30, 2021 | October 31, 2020 | April 30, 2020 | October 31, 2019 | April 30, 2019 | October 31, 2018 | April 30, 2018 | October 31, 2017 | April 30, 2017 | October 31, 2016 | April 30, 2016 | October 31, 2015 | April 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.96M | $7.70M | $-5.31M | $-434.34K | $9.90M | $27.03M | $13.70M | $21.14M | $839.62K | $-16.33M | $11.53M | $45.18M | $13.05M | $12.73M | $19.17M | $13.16M | $21.30M | $19.17M | $20.06M | $20.30M |
| Cost of Revenue | $3.42M | $3.11M | $3.30M | $3.61M | $3.99M | $4.06M | $4.14M | $3.95M | $3.75M | $4.50M | $5.00M | $4.74M | $9.55M | $8.75M | $8.67M | $8.14M | $8.11M | $7.29M | $7.45M | $7.60M |
| Gross Profit | $48.53M | $4.60M | $-8.61M | $-4.05M | $5.91M | $22.96M | $9.57M | $17.19M | $-2.91M | $-20.83M | $6.53M | $40.44M | $3.50M | $3.98M | $10.50M | $5.02M | $13.19M | $11.88M | $12.61M | $12.70M |
| Gross Profit Ratio | 93.41% | 59.67% | 162.25% | 931.46% | 59.69% | 84.97% | 69.80% | 81.31% | -346.93% | 127.57% | 56.62% | 89.52% | 26.85% | 31.27% | 54.76% | 38.15% | 61.92% | 61.97% | 62.86% | 62.56% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $54.66K | $61.24K | $61.49K | $62.46K | $69.51K | $76.38K | $80.00K | $80.00K | $90.00K | $90.00K | $90.00K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $126.44K | $137.90K | $130.11K | $125.53K | $135.50K | $11.56K | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $-50.17M | $49.63M | $- | $- | $- | $- | $- | $- | $- | $181.10K | $199.14K | $191.60K | $187.99K | $205.01K | $87.94K | $-10.00K | $-200.00K | $-230.00K | $-440.00K | $-680.00K |
| Other Expenses | $- | $- | $-42.20M | $27.26M | $-47.28M | $10.51M | $7.03M | $92.00M | $48.24M | $-128.35M | $10.71M | $47.81M | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $-50.17M | $49.63M | $42.20M | $-27.26M | $47.28M | $-10.51M | $-7.03M | $-92.00M | $48.24M | $128.35M | $-10.71M | $-47.81M | $187.99K | $205.01K | $87.94K | $-10.00K | $-200.00K | $-230.00K | $-440.00K | $-680.00K |
| Cost and Expenses | $46.74M | $-46.52M | $45.50M | $-23.65M | $51.27M | $-6.45M | $-2.90M | $-88.06M | $-44.49M | $136.78M | $-5.71M | $-38.07M | $9.74M | $8.95M | $8.76M | $8.13M | $7.91M | $7.06M | $7.01M | $6.92M |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $5.61M | $5.22M | $3.22M | $1.34M | $1.66M | $1.70M | $- | $3.92M | $4.83M | $5.01M | $- | $- | $- | $31.01M | $- | $-730.00K | $-134.92M | $-32.03M |
| Depreciation and Amortization | $- | $- | $43.81K | $122.08K | $54.88K | $86.06K | $71.39K | $55.81K | $- | $-313.00M | $20.93M | $161.32M | $-20.23M | $-54.16M | $-61.27M | $62.01M | $-4.44M | $-1.46M | $-269.84M | $-64.05M |
| EBITDA | $98.70M | $54.22M | $-50.81M | $23.22M | $-41.37M | $33.47M | $16.60M | $109.19M | $45.32M | $-149.18M | $17.23M | $88.26M | $-16.91M | $-50.38M | $-50.86M | $67.04M | $8.95M | $10.65M | $-256.79M | $-50.68M |
| EBITDA Ratio | 189.96% | 703.74% | 957.41% | -5345.50% | -418.06% | 123.86% | 121.13% | 516.62% | 5398.24% | 913.44% | 149.50% | 195.35% | -129.57% | -395.79% | -265.25% | 509.42% | 42.02% | 55.56% | -1280.11% | -249.66% |
| Operating Income | $98.70M | $54.22M | $-50.81M | $23.22M | $-41.37M | $33.47M | $16.60M | $109.19M | $45.32M | $-149.18M | $17.23M | $88.26M | $3.32M | $3.78M | $10.41M | $5.03M | $13.39M | $12.11M | $13.05M | $13.37M |
| Operating Income Ratio | 189.96% | 703.74% | 957.41% | -5345.50% | -418.06% | 123.86% | 121.13% | 516.62% | 5398.24% | 913.44% | 149.50% | 195.35% | 25.41% | 29.66% | 54.30% | 38.22% | 62.86% | 63.17% | 65.05% | 65.86% |
| Total Other Income Expenses Net | $-5.25M | $-5.28M | $-5.64M | $-5.17M | $-3.24M | $-1.49M | $-1.71M | $-1.84M | $-1.86M | $-3.94M | $-4.82M | $-5.07M | $-10.11M | $-27.08M | $-30.63M | $48.06K | $-2.22M | $-730.00K | $-134.92M | $-32.02M |
| Income Before Tax | $93.45M | $48.94M | $-56.45M | $18.05M | $-44.61M | $31.98M | $14.89M | $107.35M | $43.46M | $-153.12M | $12.42M | $83.19M | $-6.80M | $-23.30M | $-20.22M | $36.03M | $11.17M | $11.38M | $-121.87M | $-18.65M |
| Income Before Tax Ratio | 179.86% | 635.15% | 1063.69% | -4154.94% | -450.77% | 118.35% | 108.67% | 507.90% | 5176.56% | 937.56% | 107.73% | 184.13% | -52.08% | -183.06% | -105.47% | 273.78% | 52.44% | 59.36% | -607.53% | -91.87% |
| Income Tax Expense | $- | $- | $-43.81K | $-122.08K | $-54.88K | $-86.06K | $-71.39K | $-55.81K | $- | $313.00M | $-20.93M | $-161.32M | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Income | $93.45M | $48.94M | $-56.45M | $18.05M | $-44.61M | $31.98M | $14.89M | $107.35M | $43.46M | $-153.12M | $12.42M | $83.19M | $-6.80M | $-23.30M | $-20.22M | $36.03M | $11.17M | $11.38M | $-121.87M | $-18.65M |
| Net Income Ratio | 179.86% | 635.15% | 1063.69% | -4154.94% | -450.77% | 118.35% | 108.67% | 507.90% | 5176.56% | 937.56% | 107.73% | 184.13% | -52.08% | -183.06% | -105.47% | 273.78% | 52.44% | 59.36% | -607.53% | -91.87% |
| EPS | $2.50 | $1.28 | $-1.48 | $0.47 | $-1.17 | $0.84 | $0.39 | $2.83 | $1.15 | $-4.04 | $0.33 | $2.19 | $-0.18 | $-0.61 | $-0.53 | $0.95 | $0.29 | $0.30 | $-3.21 | $-0.49 |
| EPS Diluted | $2.50 | $1.28 | $-1.48 | $0.47 | $-1.17 | $0.84 | $0.39 | $2.83 | $1.15 | $-4.04 | $0.33 | $2.19 | $-0.18 | $-0.61 | $-0.53 | $0.95 | $0.29 | $0.30 | $-3.21 | $-0.49 |
| Weighted Average Shares Outstanding | 37.32M | 38.18M | 38.18M | 38.18M | 38.07M | 38.05M | 37.99M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M |
| Weighted Average Shares Outstanding Diluted | 37.32M | 38.18M | 38.18M | 38.18M | 38.07M | 38.05M | 37.99M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M | 37.93M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | October 31, 2024 | October 31, 2023 | October 31, 2022 | October 31, 2021 | October 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $- | $4.55M | $5.11M | $10.00K | $6.26M |
| Short Term Investments | $- | $- | $5.98M | $2.53M | $8.33M |
| Cash and Short Term Investments | $- | $4.55M | $5.11M | $10.00K | $6.26M |
| Net Receivables | $854.09K | $3.86M | $760.22K | $1.33M | $4.04M |
| Inventory | $- | $9.00M | $12.52M | $4.48M | $19.06M |
| Other Current Assets | $-854.09K | $-9.00M | $-18.54M | $-7.10M | $-27.55M |
| Total Current Assets | $- | $8.41M | $5.87M | $1.34M | $10.31M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $640.70M | $533.92M | $654.73M | $737.91M | $662.99M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-640.70M | $- | $-654.73M | $-737.91M | $-662.99M |
| Total Non-Current Assets | $- | $533.92M | $654.73M | $737.91M | $662.99M |
| Other Assets | $642.16M | $626.68K | $661.88K | $535.99K | $280.13K |
| Total Assets | $642.16M | $542.95M | $661.26M | $739.78M | $673.58M |
| Account Payables | $3.57M | $907.94K | $787.60K | $88.31K | $3.63M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-154.21M | $-169.91M | $-126.37M |
| Other Current Liabilities | $-3.57M | $-907.94K | $154.21M | $169.91M | $126.37M |
| Total Current Liabilities | $- | $- | $787.60K | $88.31K | $3.63M |
| Long Term Debt | $- | $- | $- | $- | $79.61M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $-79.61M |
| Total Non-Current Liabilities | $- | $- | $787.60K | $170.00M | $130.00M |
| Other Liabilities | $164.39M | $163.65M | $194.76M | $40.54M | $80.75M |
| Total Liabilities | $164.39M | $163.65M | $196.33M | $210.63M | $214.37M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $37.32K | $38.18K | $38.12K | $37.99K | $37.93K |
| Retained Earnings | $102.87M | $-26.76M | $13.65M | $20.45M | $-113.89M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $374.86M | $406.02M | $451.24M | $508.66M | $573.05M |
| Total Stockholders Equity | $477.77M | $379.30M | $464.93M | $529.15M | $459.20M |
| Total Equity | $477.77M | $379.30M | $464.93M | $529.15M | $459.20M |
| Total Liabilities and Stockholders Equity | $642.16M | $542.95M | $661.26M | $739.78M | $673.58M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $642.16M | $542.95M | $661.26M | $739.78M | $673.58M |
| Total Investments | $640.70M | $533.92M | $654.73M | $737.91M | $662.99M |
| Total Debt | $- | $125.00M | $155.00M | $170.00M | $130.00M |
| Net Debt | $- | $-4.55M | $149.89M | $169.99M | $123.74M |
Balance Sheet Charts
| Breakdown | October 31, 2024 | April 30, 2024 | October 31, 2023 | April 30, 2023 | October 31, 2022 | April 30, 2022 | October 31, 2021 | April 30, 2021 | October 31, 2020 | April 30, 2020 | October 31, 2019 | April 30, 2019 | October 31, 2018 | April 30, 2018 | October 31, 2017 | April 30, 2017 | October 31, 2016 | April 30, 2016 | October 31, 2015 | April 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $- | $4.48M | $4.55M | $3.31M | $5.11M | $100.02K | $10.00K | $1.41M | $6.26M | $176.29K | $339.64K | $271.56K | $- | $- | $- | $- | $- | $- | $- | $- |
| Short Term Investments | $- | $- | $- | $- | $5.98M | $4.60M | $2.53M | $16.96M | $8.33M | $26.33M | $4.77M | $17.39M | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $- | $4.48M | $4.55M | $3.31M | $5.11M | $100.02K | $10.00K | $1.41M | $6.26M | $26.51M | $5.11M | $17.66M | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Receivables | $854.09K | $7.04M | $3.86M | $1.52M | $760.22K | $9.68M | $1.33M | $1.64M | $4.04M | $1.36M | $3.42M | $3.06M | $2.78M | $2.86M | $131.52K | $500.00K | $500.00K | $700.00K | $900.00K | $1.00M |
| Inventory | $- | $- | $9.00M | $5.60M | $12.52M | $15.59M | $4.48M | $20.69M | $19.06M | $1.53M | $3.51M | $3.20M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $-854.09K | $-11.52M | $-9.00M | $-5.60M | $-18.54M | $-20.70M | $-7.10M | $-37.74M | $-27.55M | $-28.04M | $-8.62M | $-20.86M | $14.85K | $35.65K | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $- | $11.58M | $8.41M | $4.83M | $5.87M | $9.78M | $1.34M | $3.05M | $10.31M | $1.36M | $3.42M | $3.06M | $2.78M | $2.52M | $131.52K | $500.00K | $500.00K | $700.00K | $900.00K | $1.00M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $640.70M | $567.62M | $533.92M | $628.03M | $654.73M | $743.86M | $737.91M | $747.97M | $662.99M | $655.69M | $879.95M | $897.46M | $836.76M | $884.56M | $897.19M | $984.80M | $955.70M | $972.70M | $986.70M | $1.15B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-640.70M | $-567.62M | $-533.92M | $-628.03M | $-654.73M | $-743.86M | $-737.91M | $-747.97M | $-662.99M | $-655.69M | $-879.95M | $-897.46M | $-836.76M | $-884.56M | $-897.19M | $-984.80M | $-955.70M | $-972.70M | $-986.70M | $-1.15B |
| Total Non-Current Assets | $- | $567.62M | $533.92M | $628.03M | $654.73M | $743.86M | $737.91M | $747.97M | $662.99M | $655.69M | $879.95M | $897.46M | $836.76M | $884.56M | $897.19M | $984.80M | $955.70M | $972.70M | $986.70M | $1.15B |
| Other Assets | $642.16M | $579.20M | $626.68K | $807.83K | $661.88K | $754.87K | $535.99K | $646.63K | $280.13K | $218.06K | $115.55K | $183.08K | $483.76K | $375.84K | $3.39M | $4.50M | $3.80M | $2.20M | $2.80M | $2.70M |
| Total Assets | $642.16M | $579.20M | $542.95M | $633.67M | $661.26M | $754.40M | $739.78M | $751.66M | $673.58M | $657.27M | $883.49M | $900.71M | $840.02M | $887.46M | $900.71M | $989.80M | $960.00M | $975.60M | $990.40M | $1.15B |
| Account Payables | $3.57M | $6.03M | $907.94K | $891.14K | $787.60K | $8.35M | $88.31K | $150.99K | $3.63M | $4.49M | $764.15K | $4.19M | $384.73K | $14.17M | $4.59M | $21.00M | $900.00K | $800.00K | $800.00K | $13.40M |
| Short Term Debt | $- | $125.00M | $- | $- | $- | $- | $- | $- | $- | $130.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-126.31M | $-134.11M | $-154.21M | $-161.65M | $-169.91M | $-129.85M | $-126.37M | $-125.51M | $368.04K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-3.57M | $-131.03M | $-907.94K | $134.11M | $154.21M | $161.65M | $169.91M | $129.85M | $126.37M | $-4.49M | $-368.04K | $-4.19M | $- | $- | $681.42K | $400.00K | $300.00K | $700.00K | $400.00K | $200.00K |
| Total Current Liabilities | $- | $6.54M | $907.94K | $891.14K | $787.60K | $8.35M | $88.31K | $150.99K | $3.63M | $4.49M | $764.15K | $4.19M | $384.73K | $14.17M | $5.27M | $21.40M | $1.20M | $1.50M | $1.20M | $13.60M |
| Long Term Debt | $- | $34.94M | $34.92M | $- | $- | $- | $- | $79.67M | $79.61M | $79.54M | $160.40M | $160.00M | $160.00M | $160.38M | $259.34M | $259.00M | $258.90M | $258.80M | $258.70M | $260.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $7.05M | $-34.92M | $- | $- | $- | $- | $-79.67M | $-79.61M | $-79.54M | $-160.40M | $-160.00M | $-160.00M | $-160.38M | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $41.99M | $125.00M | $135.00M | $155.00M | $8.35M | $170.00M | $130.00M | $130.00M | $130.00M | $160.40M | $160.00M | $160.00M | $160.38M | $259.34M | $259.00M | $258.90M | $258.80M | $258.70M | $260.00M |
| Other Liabilities | $164.39M | $118.46M | $37.74M | $40.64M | $40.55M | $202.34M | $40.54M | $81.52M | $80.75M | $80.49M | $100.37M | $100.42M | $100.18M | $100.10M | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $164.39M | $166.99M | $163.65M | $176.53M | $196.33M | $219.04M | $210.63M | $211.67M | $214.37M | $214.98M | $261.53M | $264.61M | $260.56M | $274.65M | $264.61M | $280.40M | $260.10M | $260.30M | $259.90M | $273.60M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $147.94M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $37.32K | $38.18K | $38.18K | $38.18K | $38.12K | $38.05K | $37.99K | $37.93K | $37.93K | $37.93K | $37.93K | $37.93K | $37.93K | $37.93K | $37.93K | $- | $- | $- | $- | $- |
| Retained Earnings | $102.87M | $6.15M | $-26.76M | $5.00M | $13.65M | $25.83M | $20.45M | $-33.09M | $-113.89M | $-147.94M | $31.73M | $15.26M | $-41.38M | $-23.05M | $15.26M | $-6.10M | $-4.10M | $-25.10M | $100.00K | $4.60M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-147.94M | $- | $- | $- | $- | $41.15M | $63.00M | $51.50M | $70.50M | $60.40M | $202.30M |
| Other Total Stockholders Equity | $374.86M | $406.02M | $406.02M | $452.09M | $451.24M | $509.49M | $508.66M | $573.05M | $573.05M | $442.25M | $590.19M | $620.80M | $620.80M | $624.07M | $579.65M | $652.50M | $652.50M | $669.90M | $670.00M | $672.00M |
| Total Stockholders Equity | $477.77M | $412.21M | $379.30M | $457.13M | $464.93M | $535.36M | $529.15M | $540.00M | $459.20M | $442.29M | $621.96M | $636.09M | $579.46M | $612.81M | $636.09M | $709.40M | $699.90M | $715.30M | $730.50M | $878.90M |
| Total Equity | $477.77M | $412.21M | $379.30M | $457.13M | $464.93M | $535.36M | $529.15M | $540.00M | $459.20M | $442.29M | $621.96M | $636.09M | $579.46M | $612.81M | $636.09M | $709.40M | $699.90M | $715.30M | $730.50M | $878.90M |
| Total Liabilities and Stockholders Equity | $642.16M | $579.20M | $542.95M | $633.67M | $661.26M | $754.40M | $739.78M | $751.66M | $673.58M | $657.27M | $883.49M | $900.71M | $840.02M | $887.46M | $900.71M | $989.80M | $960.00M | $975.60M | $990.40M | $1.15B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $642.16M | $579.20M | $542.95M | $633.67M | $661.26M | $754.40M | $739.78M | $751.66M | $673.58M | $657.27M | $883.49M | $900.71M | $840.02M | $887.46M | $900.71M | $989.80M | $960.00M | $975.60M | $990.40M | $1.15B |
| Total Investments | $640.70M | $567.62M | $533.92M | $628.03M | $654.73M | $743.86M | $737.91M | $747.97M | $662.99M | $655.69M | $879.95M | $897.46M | $836.76M | $884.56M | $897.19M | $984.80M | $955.70M | $972.70M | $986.70M | $1.15B |
| Total Debt | $- | $159.94M | $125.00M | $135.00M | $155.00M | $170.00M | $170.00M | $130.00M | $130.00M | $130.00M | $160.40M | $160.00M | $160.00M | $160.38M | $259.34M | $259.00M | $258.90M | $258.80M | $258.70M | $260.00M |
| Net Debt | $- | $155.46M | $120.45M | $131.69M | $149.89M | $169.90M | $169.99M | $128.59M | $123.74M | $129.82M | $160.06M | $159.73M | $160.00M | $160.38M | $259.34M | $259.00M | $258.90M | $258.80M | $258.70M | $260.00M |
Annual Cash Flow
| Breakdown | October 31, 2024 | October 31, 2023 | October 31, 2022 | October 31, 2021 | October 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $142.39M | $-38.40M | $-12.63M | $122.24M | $-109.66M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $3.03M | $-3.03M | $1.09M | $-1.03M | $1.40M |
| Accounts Receivables | $3.01M | $-828.44K | $441.35K | $2.46M | $1.82M |
| Inventory | $- | $- | $- | $-5.80M | $- |
| Accounts Payables | $- | $- | $- | $-3.46M | $- |
| Other Working Capital | $23.04K | $-2.20M | $647.78K | $5.77M | $-417.62K |
| Other Non Cash Items | $-106.56M | $120.85M | $83.17M | $-75.25M | $217.85M |
| Net Cash Provided by Operating Activities | $38.86M | $79.42M | $71.63M | $45.96M | $109.59M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-195.64M | $-351.61M | $-317.21M | $-360.11M |
| Sales Maturities of Investments | $- | $261.08M | $411.41M | $344.05M | $452.21M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $65.45M | $59.80M | $26.84M | $92.10M |
| Debt Repayment | $- | $-30.00M | $-15.00M | $40.00M | $-30.40M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-9.23M | $-5.00M | $- | $-40.00M | $-20.00M |
| Dividends Paid | $-31.96M | $-47.22M | $-51.60M | $-52.29M | $-53.10M |
| Other Financing Activities | $-11.45M | $-2.78M | $- | $-40.00M | $-20.00M |
| Net Cash Used Provided by Financing Activities | $-43.41M | $-80.01M | $-66.60M | $-52.29M | $-103.50M |
| Effect of Forex Changes on Cash | $3 | $- | $-59.80M | $-26.84M | $- |
| Net Change in Cash | $-4.55M | $-589.30K | $5.03M | $-6.32M | $6.09M |
| Cash at End of Period | $- | $4.55M | $5.14M | $105.17K | $6.43M |
| Cash at Beginning of Period | $4.55M | $5.14M | $105.17K | $6.43M | $339.64K |
| Operating Cash Flow | $38.86M | $79.42M | $71.63M | $45.96M | $109.59M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $38.86M | $79.42M | $71.63M | $45.96M | $109.59M |
Cash Flow Charts
| Breakdown | October 31, 2024 | April 30, 2024 | October 31, 2023 | April 30, 2023 | October 31, 2022 | April 30, 2022 | October 31, 2021 | April 30, 2021 | October 31, 2020 | April 30, 2020 | October 31, 2019 | April 30, 2019 | October 31, 2018 | April 30, 2018 | October 31, 2017 | April 30, 2017 | October 31, 2016 | April 30, 2016 | October 31, 2015 | April 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $93.45M | $48.94M | $-56.45M | $18.05M | $-44.61M | $31.98M | $14.89M | $107.35M | $43.46M | $-153.12M | $12.42M | $83.19M | $-6.80M | $-23.30M | $-20.22M | $36.03M | $11.17M | $11.38M | $-121.87M | $-18.65M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-4.47M | $5.28M | $36.58K | $-847.94K | $3.41M | $-2.32M | $14.87M | $-10.10M | $75.13K | $1.32M | $-58.05K | $-14.51K | $13.10M | $1.43M | $14.35M | $5.72M | $5.88M | $6.82M | $5.68M | $2.75M |
| Accounts Receivables | $601.42K | $190.59K | $57.03K | $-885.47K | $8.98M | $-8.54M | $388.40K | $2.07M | $61.96K | $1.76M | $-89.65K | $52.03K | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $3.59M | $-3.37M | $3.80M | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $5.15M | $- | $- | $- | $8.23M | $- | $-3.46M | $- | $-3.59M | $3.37M | $-3.80M | $13.77M | $-9.97M | $16.41M | $-20.10M | $-100.00K | $- | $12.60M | $- |
| Other Working Capital | $-5.07M | $-55.16K | $-20.45K | $37.53K | $2.66M | $-2.01M | $14.48M | $-8.71M | $13.17K | $-430.79K | $31.60K | $-66.54K | $-663.35K | $11.40M | $-2.06M | $25.82M | $5.98M | $- | $-6.92M | $- |
| Other Non Cash Items | $-89.85M | $-46.31M | $60.00M | $-11.97M | $41.91M | $-23.67M | $-9.59M | $-97.29M | $-34.42M | $161.51M | $-10.46M | $-80.48M | $20.62M | $37.87M | $40.92M | $-14.69M | $10.60M | $8.30M | $144.03M | $42.43M |
| Net Cash Provided by Operating Activities | $-874.25K | $7.91M | $3.65M | $4.34M | $9.68M | $5.69M | $20.56M | $-1.43M | $9.18M | $11.46M | $1.81M | $2.75M | $26.93M | $16.00M | $35.04M | $27.06M | $27.65M | $26.50M | $27.84M | $26.53M |
| Investments in Property Plant and Equipment | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-200.48M | $-151.80M | $-100.45M | $-95.19M | $-187.43M | $-164.18M | $-104.73M | $-212.48M | $-71.26M | $-288.85M | $-193.69M | $-221.31M | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $148.98M | $167.64M | $132.20M | $128.88M | $226.63M | $184.77M | $108.51M | $235.54M | $76.48M | $375.73M | $205.49M | $259.63M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $76.88M | $-5.57M | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $25.38M | $10.28M | $31.75M | $33.70M | $39.21M | $20.59M | $3.78M | $23.06M | $5.22M | $86.88M | $11.79M | $38.32M | $- | $- | $- | $- | $- | $- | $- | $- |
| Debt Repayment | $- | $- | $-7.78M | $- | $- | $- | $40.00M | $- | $- | $-30.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $50.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-9.23M | $- | $-5.00M | $- | $- | $- | $-40.00M | $- | $- | $-20.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-15.93M | $-16.04M | $-21.38M | $-25.84M | $-25.82M | $-25.77M | $-25.74M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M | $-26.55M |
| Other Financing Activities | $- | $-2.22M | $- | $-20.00M | $-15.00M | $- | $- | $- | $- | $- | $396.11K | $- | $-123.03K | $123.03K | $866 | $- | $90.86K | $80.00K | $-1.29M | $- |
| Net Cash Used Provided by Financing Activities | $-25.16M | $-18.25M | $-34.16M | $-45.84M | $-40.82M | $-25.77M | $-25.74M | $-26.55M | $-26.55M | $-76.95M | $-26.15M | $-26.55M | $-26.67M | $-26.43M | $-26.55M | $-26.55M | $-26.46M | $-26.47M | $-27.84M | $-26.55M |
| Effect of Forex Changes on Cash | $- | $- | $- | $5.98M | $-3.54M | $- | $- | $- | $- | $-21.56M | $12.62M | $-14.50M | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $- | $-67.30K | $1.24M | $-1.83M | $4.53M | $506.96K | $-1.40M | $-4.93M | $6.25M | $-163.35K | $68.09K | $17.15K | $254.41K | $-10.43M | $8.49M | $510.00K | $1.19M | $30.00K | $- | $-20.00K |
| Cash at End of Period | $3 | $4.48M | $4.55M | $3.31M | $5.14M | $612.13K | $105.17K | $1.50M | $6.43M | $176.29K | $339.64K | $271.56K | $254.41K | $-10.43M | $8.49M | $510.00K | $1.19M | $30.00K | $10.00K | $-20.00K |
| Cash at Beginning of Period | $4.48M | $4.55M | $3.31M | $5.14M | $612.13K | $105.17K | $1.50M | $6.43M | $176.29K | $339.64K | $271.56K | $254.41K | $0 | $- | $0 | $- | $- | $- | $10.00K | $- |
| Operating Cash Flow | $-874.25K | $7.91M | $3.65M | $4.34M | $9.68M | $5.69M | $20.56M | $-1.43M | $9.18M | $11.46M | $1.81M | $2.75M | $26.93M | $16.00M | $35.04M | $27.06M | $27.65M | $26.50M | $27.84M | $26.53M |
| Capital Expenditure | $5 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-874.24K | $7.91M | $3.65M | $4.34M | $9.68M | $5.69M | $20.56M | $-1.43M | $9.18M | $11.46M | $1.81M | $2.75M | $26.93M | $16.00M | $35.04M | $27.06M | $27.65M | $26.50M | $27.84M | $26.53M |
Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector. It invests in stocks of companies across diversified market capitalizations. The fund was formerly known as Duff & Phelps Global Utility Income Fund Inc. Duff & Phelps Utility and Infrastructure Fund Inc. was formed on July 29, 2011 and is domiciled in the United States.
$12.22
Stock Price
$453.73M
Market Cap
-
Employees
Chicago, IL
Location
Revenue (FY 2024)
$143.46M
485.0% YoY
Net Income (FY 2024)
$142.39M
470.8% YoY
EPS (FY 2024)
$3.73
469.3% YoY
Free Cash Flow (FY 2024)
$38.86M
-51.1% YoY
Profitability
Gross Margin
100.0%
Net Margin
99.3%
ROE
29.8%
ROA
22.2%
Valuation
P/E Ratio
3.00
P/S Ratio
2.98
EV/EBITDA
2.80
Market Cap
$453.73M
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$38.86M
-51.1% YoY
Free Cash Flow
$38.86M
-51.1% YoY
Balance Sheet Summary
Total Assets
$642.16M
18.3% YoY
Total Debt
$-
100.0% YoY
Shareholder Equity
$477.77M
28.3% YoY
Dividend Overview
$0.07
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2025-06-30 | $0.07 | June 30, 25 |
| 2025-05-30 | $0.07 | May 30, 25 |
| 2025-04-30 | $0.07 | April 30, 25 |
| 2025-03-31 | $0.07 | March 31, 25 |
| 2025-02-28 | $0.07 | February 28, 25 |
| 2025-01-31 | $0.07 | January 31, 25 |
| 2024-12-31 | $0.07 | December 31, 24 |
| 2024-11-29 | $0.07 | November 29, 24 |
| 2024-10-31 | $0.07 | October 31, 24 |
| 2024-09-30 | $0.07 | September 30, 24 |
Duff & Phelps Utility and Infrastructure Fund Dividends
Explore Duff & Phelps Utility and Infrastructure Fund's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
7.47%
Dividend Payout Ratio
22.45%
Dividend Paid & Capex Coverage Ratio
1.22x
Duff & Phelps Utility and Infrastructure Fund Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.07 | $0.07 | June 30, 2025 | June 30, 2025 | July 10, 2025 | |
| $0.07 | $0.07 | May 30, 2025 | May 30, 2025 | June 10, 2025 | March 17, 2025 |
| $0.07 | $0.07 | April 30, 2025 | April 30, 2025 | May 12, 2025 | March 17, 2025 |
| $0.07 | $0.07 | March 31, 2025 | March 31, 2025 | April 10, 2025 | December 12, 2024 |
| $0.07 | $0.07 | February 28, 2025 | February 28, 2025 | March 10, 2025 | December 12, 2024 |
| $0.07 | $0.07 | January 31, 2025 | January 31, 2025 | February 10, 2025 | December 12, 2024 |
| $0.07 | $0.07 | December 31, 2024 | December 31, 2024 | January 10, 2025 | September 19, 2024 |
| $0.07 | $0.07 | November 29, 2024 | November 29, 2024 | December 10, 2024 | September 19, 2024 |
| $0.07 | $0.07 | October 31, 2024 | October 31, 2024 | November 12, 2024 | September 19, 2024 |
| $0.07 | $0.07 | September 30, 2024 | September 30, 2024 | October 10, 2024 | June 17, 2024 |
| $0.07 | $0.07 | August 30, 2024 | August 30, 2024 | September 10, 2024 | June 17, 2024 |
| $0.07 | $0.07 | July 31, 2024 | July 31, 2024 | August 12, 2024 | June 17, 2024 |
| $0.21 | $0.21 | June 17, 2024 | June 17, 2024 | June 28, 2024 | March 15, 2024 |
| $0.21 | $0.21 | March 14, 2024 | March 15, 2024 | March 28, 2024 | December 14, 2023 |
| $0.21 | $0.21 | December 14, 2023 | December 15, 2023 | December 29, 2023 | September 21, 2023 |
| $0.21 | $0.21 | September 14, 2023 | September 15, 2023 | September 29, 2023 | June 15, 2023 |
| $0.35 | $0.35 | June 14, 2023 | June 15, 2023 | June 30, 2023 | March 15, 2023 |
| $0.35 | $0.35 | March 14, 2023 | March 15, 2023 | March 31, 2023 | December 15, 2022 |
| $0.35 | $0.35 | December 14, 2022 | December 15, 2022 | December 30, 2022 | September 22, 2022 |
| $0.35 | $0.35 | September 14, 2022 | September 15, 2022 | September 30, 2022 | June 13, 2022 |
Duff & Phelps Utility and Infrastructure Fund News
Read the latest news about Duff & Phelps Utility and Infrastructure Fund, including recent articles, headlines, and updates.
DPG Vs. DNP: A Swap Could Make Sense
DNP Select Income Fund boasts a consistent monthly distribution for over 30 years. That sort of history is highly appealing for income-focused investors. However, other factors to consider may point to its cousin fund, DPG, actually being the better buy candidate at this time.
Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividends and Discloses Sources of Distribution Section 19(a) Notice
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. (the “Adviser”), authorized the payment of dividends on its common stock as follows: Per Share Amount Ex-Date Record Date Payable Date $0.07 April 30, 2025 April 30, 2025 May 12, 2025 $0.07 May 30, 2025 May 30, 2025 June 10, 2025 $0.07 June 30, 2025 June 30, 2025 July 10, 2025 The Fund adopted a managed d.
DPG: 7% Yield On Defensive Utilities
Utilities have risen nearly 20% over the past year, making them attractive for defensive, high-yield income through closed-end funds like DPG. DPG invests mainly in dividend-paying equities of utilities and infrastructure providers, offering a 7.18% yield. DPG's portfolio is heavily US-focused, with significant holdings in major utilities and midstream energy companies, showing strong price gains over the past year.
Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice
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., previously announced the following monthly distribution on December 12, 2024: Per Share Amount Ex-Date Record Date Payable Date $0.07 February 28, 2025 February 28, 2025 March 10, 2025 The Fund adopted a managed distribution plan (the “Plan”) in 2015. Under the Plan, the Fund will distribute all availabl.
DPG: This Utility Fund May Be Worth Considering
The Duff & Phelps Utility and Infrastructure Fund offers a 7.25% yield, higher than most domestic utilities and utility indices, making it attractive for income-focused investors. The fund's recent performance has been strong, delivering a 15.37% total return over five months, outperforming the S&P 500 and the domestic utility sector. The fund was short call options on DTE Energy and NextEra Energy earlier this year, which could make sense given the possibly stretched valuations of those two stocks.
Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividends
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. (the “Adviser”), today has authorized the payment of dividends on its common stock as follows: Per Share Amount Ex-Date Record Date Payable Date $0.07 January 31, 2025 January 31, 2025 February 10, 2025 $0.07 February 28, 2025 February 28, 2025 March 10, 2025 $0.07 March 31, 2025 March 31, 2025 April 10,.
Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution - Section 19(a) Notice
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., previously announced the following monthly distribution on September 19, 2024: Per Share Amount Ex-Date Record Date Payable Date $0.07 November 29, 2024 November 29, 2024 December 10, 2024 The Fund adopted a Managed Distribution Plan (the “Plan”) in 2015. Under the Plan, the Fund will distribute all avai.
In Case You Need A Reminder, Swap GUT For DPG
Fourteen months ago, I wrote on article that described the absurd valuation difference between two utility funds that actually had much in common. But based on the NAV and MKT yields of the funds, I felt that one fund was dramatically more attractive, even though it had just cut its distribution. Because when shareholders only care about how high a fund's market yield is while completely ignoring the fund's ability to cover it, bad things eventually happen.
DPG: Remains Attractive Even After A Solid Run
Duff & Phelps Utility and Infrastructure Fund Inc has performed well since last year's distribution cut and since our last update. Lower rates should benefit DPG with lower borrowing costs, which the underlying portfolio should benefit from as well, along with becoming relatively more attractive as yield plays. The fund's shift to a monthly payout schedule more recently and the discount continuing to remain attractive can also make it a potentially appealing option for investors.
DPG: A Backdoor Way To Play AI
Duff & Phelps Utility and Infrastructure Fund Inc offers an 8.20% yield, invests in common equities, and could benefit from the utility sector's growth. The DPG closed-end fund's distribution yield is just above the peer median, making it a decent option for an income portfolio. Despite some volatility, the fund has outperformed the S&P 500 Index and utility sector, showing positive performance and distribution coverage.
Duff & Phelps Utility and Infrastructure Fund Inc. Announces Share Repurchase Program, Monthly Distributions and Discloses Sources of Distribution Section 19(a) Notice
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. (the “Adviser”), today announced two actions as part of the Fund's ongoing efforts to enhance shareholder value and reduce the current discount to net asset value (“NAV”) at which its shares currently trade. At its regular June meeting, the Board adopted a share repurchase program that seeks to enhance sh.
DPG: Why You Should Avoid The Utility Fund With A Big Discount And 9% Yield
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.
Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividend and Discloses Sources of Distribution Section 19(a) Notice
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.
DPG: Attractive Discount On Infrastructure Exposure
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: Amortizing Return Of Principal Fund
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: Top 25 Big-Yield CEFs
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: Worth A Look As The Dust Settles
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.
5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)
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.
Equity CEFs: So DPG Cuts, But GUT Won't Have To?
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.
DPG: The Big Cut
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.
CEF Weekly Review: Watch Out For CEF Triple Whammies
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.
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