DTF Tax-Free Income 2028 Term Fund Inc.
DTFFinancial Services · Stock · monthly payer
Forward Yield
3.45%
Annual Dividend
$0.39
Payout Ratio
95%
5-Yr Growth
-3.8%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Summary
As of September 2026, DTF Tax-Free Income 2028 Term Fund Inc. (DTF) yields 3.45% ($0.39 per share annually), with a blended fair-value estimate of $7.23 — -36% downside, so it screens as overvalued. Dividend safety grade: C (65/100).
Is DTF a good dividend stock?
Yes, with caveatsDTF Tax-Free Income 2028 Term Fund Inc. (DTF) pays a monthly dividend yielding 3.45% ($0.39/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
Risks
- Cut its dividend in 2022
- Elevated payout ratio (95%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.45%
- Payout Ratio
- 95%
- Annual Dividend
- $0.39
- 5-Yr Avg Growth
- -3.8%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.29
- Market Cap
- $79.2M
- P/E Ratio
- 27.5
- 5-Yr Total Return
- -20%
- 52-Week Range
- $11.26 – $11.61
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
DTF Price — Last 12 Months
Daily close
Price Return
1 Year
-0%
3 Years
+8%
5 Years
-20%
52-Week Range
$11.26 – $11.61
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DTF worth?
Overvaluedlow confidenceOur blended fair-value estimate for DTF Tax-Free Income 2028 Term Fund Inc. is $7.23 per share, versus a market price of $11.35. That implies 36% of downside.
Fair Value
$7.23
Current Price
$11.35
Downside
-36%
Margin of Safety
-57%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -3.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -3.8% stage-1 growth, 2.5% terminal growth, $0.41 EPS, $0.39 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DTF 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
Full DTF dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0330 | regular |
| Aug 17, 2026 | — | $0.0330 | regular |
| Jul 15, 2026 | — | $0.0330 | regular |
| Jun 15, 2026 | — | $0.0330 | regular |
| May 15, 2026 | — | $0.0330 | regular |
| Apr 15, 2026 | — | $0.0330 | regular |
| Mar 16, 2026 | — | $0.0330 | regular |
| Feb 17, 2026 | — | $0.0330 | regular |
| Jan 15, 2026 | — | $0.0330 | regular |
| Dec 15, 2025 | — | $0.0330 | regular |
| Nov 17, 2025 | — | $0.0330 | regular |
| Oct 15, 2025 | — | $0.0330 | regular |
| Sep 15, 2025 | — | $0.0330 | regular |
| Aug 15, 2025 | — | $0.0330 | regular |
Income Calculator
At $0.39 / yr per share
Similar Dividend Stocks
Compare DTF
Explore more
Lists and tools related to DTF
- Monthly dividend stocks →
- Financial Services dividend stocks →
- Dividend calendar →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →