DNP Select Income Fund Inc. (NYSE:DNP) to Issue $0.07 Monthly Dividend

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.065 per share by the investment management company on Thursday, April 10th. This represents a $0.78 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Monday, March 31st.

DNP Select Income Fund Price Performance

NYSE DNP opened at $8.84 on Thursday. The stock’s fifty day moving average price is $9.46 and its 200 day moving average price is $9.16. DNP Select Income Fund has a 1 year low of $8.02 and a 1 year high of $10.04.

DNP Select Income Fund Company Profile

DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.