DNP Select Income Fund Inc. (NYSE:DNP) Announces $0.07 Monthly Dividend

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 8.15%. The ex-dividend date is Monday, June 30th.

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

DNP Select Income Fund Stock Down 0.7 %

NYSE DNP opened at $9.57 on Wednesday. The company has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $9.45. DNP Select Income Fund has a 1 year low of $8.02 and a 1 year 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 stock in a transaction on Wednesday, February 19th. The shares were 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 of the company’s stock, valued at $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by 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.