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

DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) announced a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be given 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 dividend yield of 8.11%. The ex-dividend date of this dividend is Monday, June 30th.

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

DNP Select Income Fund Stock Down 0.1 %

Shares of DNP traded down $0.01 during midday trading on Friday, reaching $9.62. 425,866 shares of the stock were exchanged, compared to its average volume of 673,651. DNP Select Income Fund has a 12-month low of $8.02 and a 12-month high of $10.04. The firm has a 50 day simple moving average of $9.42 and a 200-day simple moving average of $9.45.

Insider Transactions at DNP Select Income Fund

In other 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 transaction of $107,189.31. Following the transaction, the director now 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 SEC, which is accessible through this link. Company insiders own 0.06% of the company's stock.

Remove Ads

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.