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

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date is Monday, June 30th.

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 Price Performance

DNP stock opened at $9.62 on Friday. The business’s 50-day moving average is $9.42 and its two-hundred day moving average is $9.45. DNP Select Income Fund has a fifty-two week low of $8.02 and a fifty-two week high of $10.04.

Insider Buying and Selling

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’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 transaction of $107,189.31. Following the completion of the transaction, the director now owns 5,344 shares in the company, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by company insiders.

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.