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

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.065 per share by the investment management company on Thursday, July 10th. This represents a $0.78 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date is Monday, June 30th.

DNP Select Income Fund has decreased its dividend by an average of 7.0% annually over the last three years.

DNP Select Income Fund Stock Up 0.4 %

DNP opened at $9.60 on Thursday. DNP Select Income Fund has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The business has a 50-day moving average of $9.41 and a 200-day moving average of $9.45.

Insider Activity at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

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.