DNP Select Income Fund Inc. (NYSE:DNP) Director Geraldine M. Mcnamara Sells 11,391 Shares

DNP Select Income Fund Inc. (NYSE:DNP) Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DNP Select Income Fund Trading Up 0.1 %

NYSE:DNP opened at $9.47 on Friday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The stock has a 50-day simple moving average of $9.22 and a 200 day simple moving average of $9.40.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a $0.065 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 8.24%.

Hedge Funds Weigh In On DNP Select Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC acquired a new stake in shares of DNP Select Income Fund in the third quarter valued at approximately $28,000. Crews Bank & Trust bought a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $29,000. UMB Bank n.a. bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at approximately $34,000. Tandem Financial LLC bought a new stake in DNP Select Income Fund during the fourth quarter worth approximately $34,000. Finally, Sunbelt Securities Inc. bought a new position in DNP Select Income Fund during the 4th quarter valued at $34,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

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.