| Indicators | Browse All

DTF Tax-Free Income 2028 Term Fund Inc. (DTF)

Financial Services | Asset Management | Chicago, United States | NYSE
11.58 USD +0.07 (0.607%) ⇧ (Aug. 28, 2026, 2:56 p.m. EDT)
After hours: 11.58
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Aug. 22, 2026, 3:55 a.m. EDT

The most critical observation is the severe disconnect between the fund's valuation and its performance. Despite trading at a discount to book value (P/B under 1.0), the asset has suffered a structural decline of nearly 32% over the last nine years, with the most recent annual return being flat rather than positive. This indicates that the market has permanently repriced the business quality downward, likely due to the 'closed' nature of the fund and shrinking revenue streams, rendering the low entry price a value trap rather than a bargain. While the monthly distribution schedule provides a steady cash flow, the payout ratio of 95% suggests the income is barely covering costs, offering no safety margin against further operational headwinds. Consequently, there is no compelling case for either a short-term momentum play or a long-term hold, as the underlying economics appear stagnant and the price history confirms a persistent failure to generate shareholder value.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.002990
MSTL0.003166
AutoTheta0.003290
AutoARIMA0.004236

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 85%
H-stat 1.43
Ljung-Box p 0.116
Jarque-Bera p 0.475
Excess Kurtosis -0.32
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-08-16
Revenue per Share 0.389
Market Cap 81,401,680
Trailing P/E 28.24
Beta 0.29
Profit Margins 106.03%
Website https://www.dtffund.com

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.29% 3.46% 3.54% 3.68%
Dividend History
Date Dividend Yield %
2026-08-17 0.033 0.285962
2026-07-15 0.033 0.286458
2026-06-15 0.033 0.288967
2026-05-15 0.033 0.289728
2026-04-15 0.033 0.288210
2026-03-16 0.033 0.289220
2026-02-17 0.033 0.285714
2026-01-15 0.033 0.288967
2025-12-15 0.033 0.290237
2025-11-17 0.033 0.291777
2025-10-15 0.033 0.289220
2025-09-15 0.033 0.289982
2025-08-15 0.033 0.292813
2025-07-15 0.033 0.294906
2025-06-16 0.033 0.294906
2025-05-15 0.033 0.293594
2025-04-15 0.033 0.296496
2025-03-17 0.033 0.293856
2025-02-18 0.033 0.290749
2025-01-15 0.033 0.292553
2024-12-16 0.033 0.292035
2024-11-15 0.033 0.292813
2024-10-15 0.033 0.292294
2024-09-16 0.033 0.290749
2024-08-15 0.033 0.292294
2024-07-15 0.033 0.299456
2024-06-17 0.033 0.301095
2024-05-14 0.033 0.303309
2024-04-12 0.033 0.308411
2024-03-14 0.033 0.307836
2024-02-14 0.033 0.301645
2024-01-12 0.033 0.304991
2023-12-14 0.033 0.305556
2023-11-14 0.033 0.301645
2023-10-13 0.033 0.310442
2023-09-14 0.033 0.303867
2023-08-14 0.033 0.305839
2023-07-14 0.033 0.301095
2023-06-14 0.033 0.306977
2023-05-12 0.033 0.301370
2023-04-14 0.033 0.296496
2023-03-14 0.033 0.303588
2023-02-14 0.033 0.294380
2023-01-13 0.033 0.294380
2022-12-14 0.033 0.297834
2022-11-14 0.033 0.302475
2022-10-14 0.033 0.289474
2022-09-14 0.033 0.285714
2022-08-12 0.033 0.265700
2022-07-14 0.033 0.269828
2022-06-14 0.033 0.278481
2022-05-13 0.033 0.274086
2022-04-14 0.033 0.263578
2022-03-14 0.033 0.252101
2022-02-14 0.033 0.247934
2022-01-14 0.033 0.235210
2021-12-29 0.165 1.159522
2021-12-14 0.033 0.230447
2021-11-12 0.033 0.230126
2021-10-14 0.033 0.228849
2021-09-14 0.040 0.272109
2021-08-13 0.040 0.267559
2021-07-14 0.040 0.266489
2021-06-14 0.040 0.266667
2021-05-14 0.040 0.272851
2021-04-14 0.040 0.271370
2021-03-12 0.040 0.280308
2021-02-12 0.040 0.273785
2021-01-14 0.040 0.277008
2020-12-14 0.040 0.269724
2020-11-13 0.040 0.277200
2020-10-14 0.040 0.277971
2020-09-14 0.040 0.278552
2020-08-14 0.040 0.276243
2020-07-14 0.040 0.279720
2020-06-12 0.040 0.284091
2020-05-14 0.040 0.294551
2020-04-14 0.040 0.286944
2020-03-13 0.040 0.295858
2020-02-14 0.040 0.265604
2020-01-14 0.040 0.266134
2019-12-30 0.006 0.040431
2019-12-13 0.040 0.271555
2019-11-14 0.040 0.280112
2019-10-11 0.040 0.281294
2019-09-13 0.035 0.254731
2019-08-14 0.035 0.248756
2019-07-12 0.035 0.251256
2019-06-14 0.035 0.252343
2019-05-14 0.035 0.253807
2019-04-12 0.035 0.263356
2019-03-14 0.035 0.261584
2019-02-14 0.035 0.267789
2019-01-14 0.035 0.271950
2018-12-28 0.124 1.004049
2018-12-14 0.035 0.274510
2018-11-14 0.035 0.280899
2018-10-12 0.035 0.282486
2018-09-14 0.050 0.389105
2018-08-14 0.050 0.381679
2018-07-13 0.050 0.375657
2018-06-14 0.050 0.379363
2018-05-14 0.050 0.380807
2018-04-13 0.050 0.378501
2018-03-14 0.050 0.377929
2018-02-14 0.050 0.371471
2018-01-12 0.050 0.355619
2017-12-28 0.037 0.263909
2017-12-14 0.050 0.351865
2017-11-14 0.050 0.351617
2017-10-13 0.050 0.350140
2017-09-14 0.050 0.341997
2017-08-11 0.050 0.344828
2017-07-13 0.050 0.345542
2017-06-13 0.050 0.338983
2017-05-11 0.050 0.333333
2017-04-12 0.050 0.332226
2017-03-13 0.070 0.451613
2017-02-13 0.070 0.467914
2017-01-12 0.070 0.469799
2016-12-28 0.051 0.356145
2016-12-13 0.070 0.486449
2016-11-10 0.070 0.478142
2016-10-13 0.070 0.443881
2016-09-13 0.070 0.436409
2016-08-11 0.070 0.426050
2016-07-13 0.070 0.428659
2016-06-13 0.070 0.414692
2016-05-12 0.070 0.427350
2016-04-13 0.070 0.431566
2016-03-11 0.070 0.456323
2016-02-11 0.070 0.455729
2016-01-13 0.070 0.463576
2015-12-29 0.038 0.254011
2015-12-11 0.070 0.471698
2015-11-12 0.070 0.470430
2015-10-13 0.070 0.473613
2015-09-11 0.070 0.472654
2015-08-13 0.070 0.468855
2015-07-13 0.070 0.485100
2015-06-11 0.070 0.486111
2015-05-13 0.070 0.470430
2015-04-13 0.070 0.462657
2015-03-12 0.070 0.456026
2015-02-12 0.070 0.451613
2015-01-13 0.070 0.448718
2014-12-11 0.070 0.454841
2014-11-13 0.070 0.462657
2014-10-10 0.070 0.463576
2014-09-11 0.070 0.449871
2014-08-13 0.070 0.447284
2014-07-11 0.070 0.443038
2014-06-12 0.070 0.433437
2014-05-13 0.070 0.448143
2014-04-11 0.070 0.479781
2014-03-13 0.070 0.479452
2014-02-13 0.070 0.480769
2014-01-13 0.070 0.491228
2013-12-12 0.080 0.583942
2013-11-13 0.070 0.502152
2013-10-10 0.070 0.502152
2013-09-12 0.070 0.510949
2013-08-13 0.070 0.505415
2013-07-11 0.070 0.475221
2013-06-13 0.070 0.466045
2013-05-13 0.070 0.418660
2013-04-11 0.070 0.423729
2013-03-13 0.070 0.426309
2013-02-13 0.070 0.389321
2013-01-11 0.070 0.398860
2012-12-12 0.070 0.386313
2012-11-13 0.070 0.384827
2012-10-11 0.070 0.393479
2012-09-12 0.070 0.403691
2012-08-13 0.070 0.409836
2012-07-12 0.070 0.416171
2012-06-13 0.070 0.417910
2012-05-11 0.070 0.403691
2012-04-12 0.070 0.422705
2012-03-13 0.070 0.414446
2012-02-13 0.070 0.413467
2012-01-12 0.070 0.425273
2011-12-15 0.060 0.375940
2011-12-13 0.068 0.431198
2011-11-10 0.068 0.443864
2011-10-12 0.068 0.445609
2011-09-13 0.068 0.435897
2011-08-11 0.068 0.442420
2011-07-13 0.068 0.440700
2011-06-13 0.068 0.451827
2011-05-12 0.065 0.436828
2011-04-13 0.065 0.452331
2011-03-11 0.065 0.453911
2011-02-11 0.065 0.458392
2011-01-12 0.065 0.454864
2010-12-21 0.108 0.750521
2010-12-13 0.065 0.448585
2010-11-10 0.065 0.423453
2010-10-13 0.065 0.400987
2010-09-13 0.065 0.406250
2010-08-12 0.060 0.382897
2010-07-13 0.060 0.395778
2010-06-11 0.060 0.400267
2010-05-12 0.060 0.396825
2010-04-13 0.060 0.402955
2010-03-11 0.060 0.399734
2010-02-11 0.060 0.407609
2010-01-13 0.060 0.410959
2009-12-17 0.046 0.319666
2009-12-11 0.055 0.380623
2009-11-12 0.055 0.387051
2009-10-13 0.055 0.375940
2009-09-11 0.055 0.378527
2009-08-12 0.055 0.392297
2009-07-13 0.055 0.420168
2009-06-11 0.055 0.411369
2009-05-13 0.055 0.424710
2009-04-13 0.055 0.439648
2009-03-12 0.055 0.461409
2009-02-11 0.050 0.388500
2009-01-13 0.050 0.397141
2008-12-11 0.050 0.464253
2008-11-12 0.050 0.438597
2008-10-10 0.050 0.553097
2008-09-11 0.050 0.375375
2008-08-13 0.050 0.375375
2008-07-11 0.050 0.370920
2008-06-12 0.050 0.367918
2008-05-13 0.050 0.359971
2008-04-11 0.050 0.361795
2008-03-12 0.050 0.369276
2008-02-13 0.050 0.344828
2008-01-14 0.050 0.346500
2007-12-13 0.050 0.365230
2007-11-13 0.050 0.368460
2007-10-11 0.050 0.355872
2007-09-13 0.050 0.348918
2007-08-13 0.050 0.358166
2007-07-12 0.050 0.350140
2007-06-13 0.050 0.352113
2007-05-11 0.050 0.331785
2007-04-12 0.050 0.337838
2007-03-13 0.050 0.336927
2007-02-13 0.065 0.423177
2007-01-12 0.065 0.423453
2006-12-13 0.065 0.427632
2006-11-13 0.065 0.429043
2006-10-13 0.065 0.434492
2006-09-13 0.065 0.437122
2006-08-11 0.065 0.435949
2006-07-13 0.065 0.448276
2006-06-13 0.065 0.458069
2006-05-12 0.065 0.453278
2006-04-13 0.065 0.448276
2006-03-13 0.065 0.447043
2006-02-13 0.065 0.434783
2006-01-13 0.065 0.438005
2005-12-13 0.065 0.447350
2005-11-10 0.065 0.445511
2005-10-13 0.065 0.438893
2005-08-11 0.080 0.491099
2005-07-13 0.080 0.490798
2005-06-13 0.080 0.507937
2005-05-12 0.080 0.513479
2005-04-13 0.080 0.527009
2005-03-11 0.080 0.500313
2005-02-11 0.080 0.489896
2005-01-12 0.080 0.503778
2004-12-13 0.113 0.719745
2004-11-10 0.080 0.507937
2004-10-13 0.080 0.509879
2004-09-13 0.080 0.515464
2004-08-12 0.080 0.524590
2004-07-13 0.080 0.546448
2004-06-14 0.080 0.557103
2004-05-12 0.080 0.571429
2004-04-13 0.080 0.514139
2004-03-11 0.080 0.480769
2004-02-12 0.080 0.492005
2004-01-13 0.080 0.497512
2003-12-11 0.080 0.503461
2003-11-12 0.080 0.514469
2003-10-10 0.080 0.507937
2003-09-11 0.080 0.514469
2003-08-13 0.080 0.527357
2003-07-11 0.080 0.477612
2003-06-12 0.080 0.480480
2003-05-13 0.080 0.492308
2003-04-11 0.080 0.509554
2003-03-12 0.080 0.500939
2003-02-12 0.080 0.508582
2003-01-13 0.080 0.519481
2002-12-12 0.080 0.528053
2002-11-13 0.075 0.493746
2002-10-10 0.075 0.477099
2002-09-12 0.075 0.466999
2002-08-13 0.075 0.474383
2002-07-11 0.075 0.481386
2002-06-12 0.075 0.490517
2002-05-13 0.070 0.468855
2002-04-11 0.070 0.478142
2002-03-13 0.070 0.471380
2002-02-13 0.063 0.432692
2002-01-11 0.063 0.429155
2001-12-12 0.063 0.441176
2001-11-13 0.063 0.420000
2001-10-11 0.063 0.431803
2001-08-13 0.063 0.430328
2001-07-12 0.063 0.443038
2001-06-13 0.063 0.444601
2001-05-11 0.063 0.444601
2001-04-11 0.063 0.443350
2001-03-13 0.063 0.445230
2001-02-13 0.063 0.442105
2001-01-10 0.063 0.461538
2000-12-13 0.063 0.496063
2000-11-13 0.063 0.501992
2000-10-12 0.063 0.501592
2000-09-13 0.063 0.482297
2000-08-11 0.063 0.480000
2000-07-12 0.063 0.494118
2000-06-13 0.063 0.509091
2000-05-11 0.078 0.585915
2000-04-12 0.078 0.591469
2000-03-13 0.078 0.611765
2000-02-11 0.078 0.594286
2000-01-12 0.078 0.617822
1999-12-13 0.078 0.600000
1999-11-10 0.078 0.562162
1999-10-13 0.078 0.517842
1999-09-13 0.078 0.505263
1999-08-12 0.080 0.498054
1999-07-13 0.080 0.483019
1999-06-11 0.080 0.492308
1999-05-12 0.080 0.479401
1999-04-13 0.080 0.475836
1999-03-11 0.080 0.470588
1999-02-11 0.080 0.486692
1999-01-13 0.080 0.494208
1998-12-11 0.080 0.486692
1998-11-12 0.080 0.465455
1998-10-13 0.080 0.470588
1998-09-11 0.080 0.475836
1998-08-12 0.080 0.474074
1998-07-13 0.080 0.465455
1998-06-11 0.080 0.472325
1998-05-13 0.080 0.479401
1998-04-13 0.080 0.479401
1998-03-12 0.080 0.475836
1998-02-11 0.080 0.468864
1998-01-12 0.080 0.472325
1997-12-11 0.080 0.488550
1997-11-12 0.080 0.500000
1997-10-10 0.080 0.500000
1997-09-11 0.080 0.498054
1997-08-13 0.080 0.488550
1997-07-11 0.080 0.486692
1997-06-12 0.080 0.500000
1997-05-13 0.080 0.507937
1997-04-11 0.080 0.516129
1997-03-12 0.080 0.507937
1997-02-12 0.080 0.503937
1997-01-13 0.080 0.507937
1996-12-12 0.080 0.512000
1996-11-13 0.080 0.524590
1996-10-10 0.080 0.524590
1996-09-12 0.080 0.516129
1996-08-09 0.080 0.528926
1996-07-10 0.080 0.528926
1996-06-11 0.080 0.528926
1996-05-09 0.080 0.528926
1996-04-10 0.080 0.528926
1996-03-12 0.080 0.516129
1996-02-12 0.080 0.492308
1995-12-27 0.110 0.709677
1995-12-08 0.080 0.516129
1995-11-10 0.080 0.556522
1995-10-11 0.080 0.551724
1995-09-11 0.080 0.561404
1995-08-10 0.080 0.561404
1995-07-12 0.080 0.542373
1995-06-13 0.080 0.542373
1995-05-09 0.080 0.571429
1995-04-07 0.080 0.566372
1995-03-09 0.080 0.581818
1995-02-09 0.080 0.556522
1995-01-09 0.080 0.603774
1994-12-09 0.080 0.633663
1994-11-08 0.080 0.646465
1994-10-07 0.080 0.561404
1994-09-09 0.080 0.547009
1994-08-09 0.080 0.547009
1994-07-11 0.080 0.551724
1994-06-09 0.080 0.537815
1994-05-10 0.080 0.551724
1994-04-11 0.080 0.542373
1994-03-09 0.080 0.520325
1994-02-09 0.080 0.496124
1994-01-10 0.080 0.496124
1993-12-09 0.080 0.496124
1993-11-09 0.080 0.500000
1993-10-08 0.080 0.488550
1993-09-09 0.080 0.477612
1993-08-10 0.080 0.484848
1993-07-09 0.080 0.481203
1993-06-09 0.080 0.496124
1993-05-10 0.080 0.500000
1993-04-08 0.080 0.500000
1993-03-09 0.080 0.503937
1993-02-08 0.080 0.507937
1993-01-11 0.080 0.516129
1992-12-09 0.080 0.520325
1992-11-09 0.080 0.537815
1992-10-08 0.080 0.520325
1992-09-09 0.080 0.520325
1992-08-11 0.080 0.503937
1992-07-09 0.080 0.516129
1992-06-09 0.080 0.533333
1992-05-11 0.080 0.547009
1992-04-09 0.080 0.537815
1992-03-10 0.080 0.537815
1992-02-10 0.240 1.560976
Additional Data
dividendRate 0.39
dividendYield 3.39
exDividendDate 2026-09-15
trailingAnnualDividendRate 0.39
trailingAnnualDividendYield 0.03388358
lastDividendValue 0.033
lastDividendDate 2026-08-17
dividendDate 2019-03-29

Info Dump

Attribute Value
52 Week Change 0.021295428
Address1 10 South Wacker Drive
Address2 19th Floor
All Time High 19.15
All Time Low 8.58
Ask 11.58
Ask Size 200
Average Daily Volume10 Day 3,140
Average Daily Volume3 Month 5,433
Average Volume 5,433
Average Volume10Days 3,140
Beta 0.287
Bid 11.51
Bid Size 400
Book Value 12.042
City Chicago
Compensation As Of Epoch Date 1,388,448,000
Country United States
Crypto Tradeable 0
Currency USD
Current Price 11.5799
Current Ratio 1.157
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 11.6
Day Low 11.545
Display Name DTF Tax-Free Income 2028 Term Fund
Dividend Date 1,553,817,600
Dividend Rate 0.39
Dividend Yield 3.39
Earnings Growth 3.152
Earnings Quarterly Growth 3.152
Earnings Timestamp End 1,750,680,000
Earnings Timestamp Start 1,750,330,740
Ebitda Margins 0.0
Enterprise To Revenue 28.903
Enterprise Value 79,106,680
Eps Trailing Twelve Months 0.41
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 312 261 5074
Fifty Day Average 11.5022
Fifty Day Average Change 0.07769966
Fifty Day Average Change Percent 0.0067551997
Fifty Two Week Change Percent 2.1295428
Fifty Two Week High 11.61
Fifty Two Week High Change -0.030099869
Fifty Two Week High Change Percent -0.0025925813
Fifty Two Week Low 11.21
Fifty Two Week Low Change 0.36989975
Fifty Two Week Low Change Percent 0.032997303
Fifty Two Week Range 11.21 - 11.61
Financial Currency USD
First Trade Date Milliseconds 690,820,200,000
Five Year Avg Dividend Yield 3.46
Full Exchange Name NYSE
Fullday Change 0.0698996
Fullday Change Percent 0.607294
Fullday Price 11.5799
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 2,737,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00185
Held Percent Institutions 0.45394
Implied Shares Outstanding 7,029,567
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,786,924,800
Last Dividend Value 0.033
Last Fiscal Year End 1,761,868,800
Long Business Summary 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.
Long Name DTF Tax-Free Income 2028 Term Fund Inc.
Market us_market
Market Cap 81,401,680
Market State CLOSED
Max Age 86,400
Message Board Id finmb_6157594
Most Recent Quarter 1,777,507,200
Net Income To Common 2,902,000
Next Fiscal Year End 1,793,404,800
Non Diluted Market Cap 80,910,316
Open 11.6
Operating Margins 0.71715
Payout Ratio 0.9512
Phone 312 263 2610
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 11.5799
Post Market Time 1,787,951,100
Previous Close 11.51
Price Hint 2
Price To Book 0.961626
Price To Sales Trailing12 Months 29.741205
Profit Margins 1.06028
Quick Ratio 1.152
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0698996
Regular Market Change Percent 0.607294
Regular Market Day High 11.6
Regular Market Day Low 11.545
Regular Market Day Range 11.545 - 11.6
Regular Market Open 11.6
Regular Market Previous Close 11.51
Regular Market Price 11.5799
Regular Market Time 1,787,943,363
Regular Market Volume 1,215
Return On Assets 0.0135699995
Return On Equity 0.03431
Revenue Growth -0.016
Revenue Per Share 0.389
Sand P52 Week Change 0.20504117
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 7,029,567
Shares Percent Shares Out 0.0021
Shares Short 14,419
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 15,726
Short Name DTF Tax-Free Income, Inc.
Short Percent Of Float 0.0023999999
Short Ratio 2.64
Source Interval 15
State IL
Symbol DTF
Total Cash 2,295,000
Total Cash Per Share 0.326
Total Debt 0
Total Revenue 2,737,000
Tradeable 0
Trailing Annual Dividend Rate 0.39
Trailing Annual Dividend Yield 0.03388358
Trailing Eps 0.41
Trailing P E 28.243658
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 11.4404
Two Hundred Day Average Change 0.13949966
Two Hundred Day Average Change Percent 0.0121936
Type Disp Equity
Volume 1,215
Website https://www.dtffund.com
Zip 60,606