Duff & Phelps Utility and Infrastructure Fund Inc.
DPG
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) is a non-diversified, closed-end management investment company that seeks total return, primarily through a high level of current income with an emphasis on tax-advantaged dividend income and growth in current income, and secondarily through capital appreciation. The Fund invests principally in dividend-paying equity securities of domestic and foreign companies in the utility industry, defined to include electric, gas, water, telecommunications, and midstream energy sectors, and the infrastructure industry, encompassing owners or operators of essential transportation assets such as toll roads, bridges, tunnels, airports, seaports, and railroads; under normal market conditions, at least 80% of total assets are allocated to these sectors, with no more than 60% in any single utility sector, 20% in unregulated midstream energy, 10% in any single issuer, or 15% in emerging markets. It employs leverage through outstanding bank loans and preferred shares, approximately $160 million as of mid-2025, to enhance returns for common stockholders, and writes listed and unlisted covered call options on portfolio equities. Formed on July 29, 2011, and initially offered to the public in July 2011, the Fund is managed by Duff & Phelps Investment Management Co. and administered by Virtus Fund Services, LLC, a subsidiary of Virtus Investment Partners, Inc., with headquarters at 10 South Wacker Drive, Chicago, Illinois. The portfolio is geographically diversified, with roughly 75-78% in U.S. equities and the balance across developed markets including the United Kingdom, Germany, Spain, Italy, Canada, and others as of late 2025; top holdings typically feature leading utilities such as NextEra Energy Inc., Duke Energy Corp., Xcel Energy Inc., and Sempra. Common stock trades on the New York Stock Exchange under the ticker DPG, supported by an automatic dividend reinvestment plan and serviced by Computershare as transfer agent. In June 2024, the Board of Directors transitioned the Fund's Managed Distribution Plan from quarterly payments of $0.21 per share to monthly distributions of $0.07 per share, maintaining the same annual level while aiming to distribute all available investment income, supplemented by realized capital gains or return of capital as needed; this change enhances shareholder liquidity and consistency. Previously known as Duff & Phelps Global Utility Income Fund Inc., the Fund underwent a name change effective November 22, 2019, to better reflect its expanded infrastructure focus. In June 2025, the Board reauthorized the share repurchase program, permitting up to 5% of outstanding shares to be bought back at discounts to net asset value, following the purchase of 3.8% of shares (1,461,297 shares at an average $11.23) since June 2024, which accreted five cents per share to NAV over 12 months.