DTF Tax-Free Income 2028 Term Fund Inc. (DTF)
Financial Services · NYQ
Fundamentals
Valuation and ratings
DTF Tax-Free Income 2028 Term Fund Inc. trades at USD11.48, which is 37% below the USD15.78 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 52 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 28.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
DTF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.033 | 1 |
| 2025 | USD0.330 | 10 |
| 2024 | USD0.396 | 12 |
| 2023 | USD0.396 | 12 |
| 2022 | USD0.396 | 12 |
| 2021 | USD0.624 | 13 |
| 2020 | USD0.480 | 12 |
| 2019 | USD0.441 | 13 |
| 2018 | USD0.679 | 13 |
| 2017 | USD0.697 | 13 |
| 2016 | USD0.891 | 13 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About DTF Tax-Free Income 2028 Term Fund Inc.
DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities. It invests in the fixed income markets of the United States. It was formerly known as DTF Tax-Free Income Inc. DTF Tax-Free Income 2028 Term Fund Inc. was formed on November, 1991 and is domiciled in the United States.
DTF passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is DTF Tax-Free Income 2028 Term Fund Inc. (DTF) undervalued?
Against our discounted cash flow estimate of USD15.78, DTF at USD11.48 is 37% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is DTF's P/E ratio?
DTF trades at 28.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does DTF Tax-Free Income 2028 Term Fund Inc. (DTF) pay a dividend?
Yes. DTF Tax-Free Income 2028 Term Fund Inc. yields 3.39% at the current share price. It has paid USD0.132 per share over the trailing twelve months. It has paid a dividend in each of the last 34 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.