DTF (DTF Tax-Freeome 2028 Term Fund) Dividend Payout Ratio : 6.50 (As of Apr. 2025)

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What is DTF Tax-Freeome 2028 Term Fund Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio for the months ended in Apr. 2025 was 6.50.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of DTF Tax-Free Income 2028 Term Fund Inc is 1.86, which seems too high.

The historical rank and industry rank for DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio or its related term are showing as below:

DTF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.9 Max: 6.01
Current: 1.86

During the past 8 years, the highest Dividend Payout Ratio of DTF Tax-Freeome 2028 Term Fund was 6.01. The lowest was 0.26. And the median was 0.90.

DTF's Dividend Payout Ratio is ranked worse than
84.74% of 970 companies
in the Asset Management industry
Industry Median: 0.77 vs DTF: 1.86

As of today (2025-07-25), the Dividend Yield % of DTF Tax-Freeome 2028 Term Fund is 3.48%.

During the past 8 years, the highest Trailing Annual Dividend Yield of DTF Tax-Freeome 2028 Term Fund was 6.33%. The lowest was 2.84%. And the median was 3.56%.

DTF Tax-Freeome 2028 Term Fund's Dividends per Share for the months ended in Apr. 2025 was $0.20.

During the past 3 years, the average Dividends Per Share Growth Rate was -5.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.70% per year.

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of DTF Tax-Freeome 2028 Term Fund was -3.60% per year. The lowest was -15.00% per year. And the median was -6.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

DTF Tax-Freeome 2028 Term Fund Dividend Payout Ratio Historical Data

The historical data trend for DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DTF Tax-Freeome 2028 Term Fund Dividend Payout Ratio Chart

DTF Tax-Freeome 2028 Term Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Dividend Payout Ratio

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0.92

1.09

0.89

0.65

DTF Tax-Freeome 2028 Term Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25
Dividend Payout Ratio	Get a 7-Day Free Trial											0.24	-	0.46	1.08	6.50

Competitive Comparison of DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio

For the Asset Management subindustry, DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio falls into.

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DTF Tax-Freeome 2028 Term Fund Dividend Payout Ratio Calculation

DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio for the fiscal year that ended in Oct. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2024 )	/	EPS without NRI (A: Oct. 2024 )
	=	0.39	/	0.6
	=	0.65

DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio for the quarter that ended in Apr. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Apr. 2025 )	/	EPS without NRI (Q: Apr. 2025 )
	=	0.195	/	0.03
	=	6.50

DTF Tax-Freeome 2028 Term Fund (NYSE:DTF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

DTF Tax-Freeome 2028 Term Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of DTF Tax-Freeome 2028 Term Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

DTF Tax-Freeome 2028 Term Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DTF Tax-Free Income 2028 Term Fund Inc (NYSE:DTF) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 South Wacker Drive, Suite 1900, 19th Floor, Chicago, IL, USA, 60606

Website

https://www.dpimc.com

DTF Tax-Free Income 2028 Term Fund Inc is a diversified closed-end management investment company. The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. It seeks to achieve its investment objective by investing primarily in a diversified portfolio of investment-grade tax-exempt obligations.

Executives

Grumhaus David D Jr.	other: Officer of Investment Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Mareile B. Cusack	director	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Timothy P. Riordan	officer: Vice President	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi	officer: CCO	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
Dusty L. Self	officer: Vice President	VIRTUS INVESTMENT PARTNERS, INC., 301 EAST PINE STREET, SUITE 500, ORLANDO FL 32801
Ronald H. Schwartz	officer: Vice President	VIRTUS INVESTMENT PARTNERS, INC., 301 EAST PINE STREET, SUITE 500, ORLANDO FL 32801
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
George W Karpus	other: See Explanation of Responses
Karpus Management, Inc.	10 percent owner	183 SULLY'S TRAIL, PITTSFORD NY 14534
Lisa Leonard	officer: Vice President	GATEWAY CENTER THREE, 1100 MUBERRY STREET, 4TH FLOOR, NEWARK NJ 07102
Timothy M Heaney	officer: VP & Chief Investment Officer	GATEWAY CENTER THREE, 1100 MUBERRY STREET, 4TH FLOOR, NEWARK NJ 07102
Hoffman Clifford W. Jr.	director	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
Wells Fargo Bank N A	10 percent owner	101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104
Wells Fargo Municipal Capital Strategies, Llc	10 percent owner	375 PARK AVENUE, NEW YORK NY 10152