DNP Select Income Fund Inc. (DNP) To Go Ex-Dividend on March 31st

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Tuesday, December 17th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date of this dividend is Monday, March 31st.

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

DNP Select Income Fund Trading Up 1.4 %

Shares of DNP opened at $9.92 on Friday. DNP Select Income Fund has a one year low of $8.02 and a one year high of $10.04. The company has a 50-day moving average of $9.47 and a two-hundred day moving average of $9.46.

Insiders Place Their Bets

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the sale, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

About DNP Select Income Fund

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.