DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors 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 annualized dividend 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 Performance
Shares of DNP stock traded down $0.01 on Friday, reaching $9.62. 425,866 shares of the company's stock traded hands, compared to its average volume of 672,734. DNP Select Income Fund has a 12-month low of $8.02 and a 12-month high of $10.04. The business's 50 day moving average price is $9.42 and its two-hundred day moving average price is $9.45.
Insider Activity at DNP Select Income Fund
In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by insiders.
About DNP Select Income Fund
(
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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.
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