Duff & Phelps Utility and Corporate Bond Trust Inc. authorized the payment of monthly dividends on common stock at 3.5 cents per share. The dividend is payable on January 31, 2018, February 28, 2018 and March 29, 2018 to the shareholders of record on January 16, 2018, February 15, 2018 and March 15, 2018 respectively. The ex-dividend were January 12, 2018, February 14, 2018, and March 14, 2018. The $0.035 per share dividend represents a decrease of $0.015 per share from the DUC Fund's previous $0.05 per share monthly distribution.