DNP Select Income Fund Inc. (DNP) to Issue Monthly Dividend of $0.07 on April 10th

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Wednesday, December 18th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid 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 yield of 7.87%. The ex-dividend date of this dividend is Monday, March 31st.

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

DNP Select Income Fund Price Performance

Shares of DNP opened at $9.92 on Friday. DNP Select Income Fund has a 1 year low of $8.02 and a 1 year high of $10.04. The stock has a 50 day simple moving average of $9.47 and a 200-day simple moving average of $9.46.

Insider Buying and Selling at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated 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 transaction, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.