Duff & Phelps Utility and Infrastructure Fund Inc.
DPGFinancial Services · Stock · monthly payer
Forward Yield
6.09%
Annual Dividend
$0.90
Payout Ratio
20%
5-Yr Growth
-27.5%
Ex-Date
Jul 31, 2026
Frequency
Monthly
Summary
As of July 2026, Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) yields 6.09% ($0.90 per share annually), with a blended fair-value estimate of $17.49 — +17% upside, so it screens as undervalued. Dividend safety grade: C (65/100).
Is DPG a good dividend stock?
Yes, with caveatsDuff & Phelps Utility and Infrastructure Fund Inc. (DPG) pays a monthly dividend yielding 6.09% ($0.90/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (20%)
Risks
- Cut its dividend in 2024
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 6.09%
- Payout Ratio
- 20%
- Annual Dividend
- $0.90
- 5-Yr Avg Growth
- -27.5%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $524.1M
- P/E Ratio
- 3.4
- 5-Yr Total Return
- 2%
- 52-Week Range
- $12.34 – $15.15
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
DPG Price — Last 12 Months
Daily close
Price Return
1 Year
+17%
3 Years
+59%
5 Years
+2%
52-Week Range
$12.34 – $15.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DPG worth?
Undervaluedlow confidenceOur blended fair-value estimate for Duff & Phelps Utility and Infrastructure Fund Inc. is $17.49 per share, versus a market price of $14.97. That implies 17% of upside — a margin of safety of about 14%.
Fair Value
$17.49
Current Price
$14.97
Upside
+17%
Margin of Safety
14%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -1.6% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $4.29 EPS, $0.90 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DPG Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.0700 | regular |
| May 29, 2026 | — | $0.0700 | regular |
| Apr 30, 2026 | — | $0.0700 | regular |
| Mar 31, 2026 | — | $0.0700 | regular |
| Feb 27, 2026 | — | $0.0700 | regular |
| Jan 30, 2026 | — | $0.0700 | regular |
| Dec 31, 2025 | — | $0.0700 | regular |
| Nov 28, 2025 | — | $0.0700 | regular |
| Oct 31, 2025 | — | $0.0700 | regular |
| Sep 30, 2025 | — | $0.0700 | regular |
| Aug 29, 2025 | — | $0.0700 | regular |
| Jul 31, 2025 | — | $0.0700 | regular |
| Jun 30, 2025 | — | $0.0700 | regular |
| May 30, 2025 | — | $0.0700 | regular |
Income Calculator
At $0.90 / yr per share
