SmarterDividends
DPG

Duff & Phelps Utility and Infrastructure Fund (DPG) Dividend

Duff & Phelps Utility and Infrastructure Fund Inc. · Financial Services · Asset Management · monthly payer

$13.74

Undervalued · +57% Add to Portfolio

As of Nov 8, 2026, Duff & Phelps Utility and Infrastructure Fund (DPG) pays a monthly dividend of $0.0750 per share, or $0.90 a year, a 6.55% yield at its $13.74 share price. The next ex-dividend date is Nov 30, 2026, paid Dec 14, 2026. It has a dividend safety grade of C.

Forward Yield

6.55%

Annual Dividend

$0.90

Payout Ratio

20%

5-Yr Growth

-27.5%

Ex-Date

Nov 30, 2026

Frequency

Monthly

Key facts about DPG's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) has a forward dividend yield of 6.55%, based on an annual dividend of $0.90 per share and a share price of $13.74.
  • As of Nov 8, 2026, DPG's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
  • DPG last cut its regular dividend in 2025.
  • DPG's next ex-dividend date is Nov 30, 2026, with payment on Dec 14, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, DPG pays out 20% of its trailing 12-month earnings as dividends (its payout ratio).
  • DPG's dividend has shrunk at an average rate of 27.5% a year over the past five years.
  • As of Nov 8, 2026, DPG's 6.55% yield is 27% below its five-year average yield of 8.99%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for DPG is $21.58 per share, 57% above the $13.74 share price, so DPG screens as undervalued.
  • Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) pays its dividend monthly, 12 times a year.
  • Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) has raised its regular dividend 1 time and cut it 2 times across the 80 payments on record since 2011. Its most recent change was a 7.1% increase to $0.0750 per share, going ex-dividend on Jul 31, 2026. The last cut went ex-dividend on Jul 31, 2024.
Cite this page

SmarterDividends, "DPG Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/DPG

Is DPG a good dividend stock?

Yes, with caveats

Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) pays a monthly dividend yielding 6.55% ($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 2025
  • Dividend has been shrinking, not growing
  • Share price is down over the past 5 years

Key Data

Dividend Yield
6.55%
Payout Ratio
20%
Annual Dividend
$0.90
5-Yr Avg Growth
-27.5%
Ex-Dividend Date
Nov 30, 2026
Years of Growth
0
Frequency
monthly
Beta
—
Market Cap
$494.6M
P/E Ratio
3.2
5-Yr Total Return
-2%
52-Week Range
$12.53 – $15.15
Dividend Safety
C · 60/100
Ever Cut?
Yes (2025)

DPG dividend raises and cuts

Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) has raised its regular dividend 1 time and cut it 2 times across the 80 payments on record since 2011. Its most recent change was a 7.1% increase to $0.0750 per share, going ex-dividend on Jul 31, 2026. The last cut went ex-dividend on Jul 31, 2024.

Ex-dateChangeOld → newMove
Jul 31, 2026Raise$0.0700 → $0.0750+7.1%
Jul 31, 2024Cut$0.210 → $0.0700−66.7%
Sep 14, 2023Cut$0.350 → $0.210−40.0%
Every DPG payment →Download every raise and cut (CSV)
DPG ex-dividend date & scheduleNext ex-date Nov 30, 2026 · full ex-dividend historyView →DPG dividend historyEvery payment, totals by year, raises and cutsView →DPG dividend calculator100 shares pay $90.00 a year, $7.50 each monthCalculate →DPG total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is DPG a good dividend stock?

Yes, with caveats. Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) pays a monthly dividend yielding 6.55% ($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.

Is DPG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DPG's fair value is about $21.58 versus a $13.74 share price — so it looks undervalued (+57% vs. fair value).

Is DPG's dividend safe?

DPG has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is DPG's fair value?

Our blended fair-value estimate for DPG is about $21.58 per share, roughly 57% above the current $13.74 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DPG a buy, hold, or sell?

We don't issue formal ratings, but on the data DPG screens as "yes, with caveats" and undervalued. Duff & Phelps Utility and Infrastructure Fund Inc. (DPG) pays a monthly dividend yielding 6.55% ($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. This is research for your own analysis, not investment advice.

Will DPG cut its dividend?

DPG earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DPG pay a dividend?

Yes. Duff & Phelps Utility and Infrastructure Fund Inc. pays a monthly dividend of about $0.90 per share annually, a forward yield of roughly 6.55%.

How much dividend does 100 shares of DPG pay?

At $0.90 per share a year, 100 shares of DPG pay $90.00 a year in dividends before tax, about $7.50 each month. Buying them costs about $1,374 at the Nov 8, 2026 price.

What is DPG's dividend yield?

As of Nov 8, 2026, DPG's forward dividend yield is 6.55%, based on a $0.90 annual dividend and a $13.74 share price.

What is DPG's dividend per share?

As of Nov 8, 2026, DPG pays $0.90 per share per year, distributed on a monthly basis.

What is DPG's dividend payout ratio?

As of Nov 8, 2026, DPG's payout ratio is 20% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has DPG grown its dividend?

DPG does not currently have a long dividend-growth streak on record.

When is the next DPG ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for DPG is Nov 30, 2026.

Income Calculator

At $0.90 / yr per share

Per payment (monthly)$7.50
Annual$90.00
Monthly avg$7.50
Full DPG dividend calculator →

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