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

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Tuesday, December 17th, Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 7.87%. The ex-dividend date is Monday, March 31st.

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 Stock Performance

Shares of NYSE DNP opened at $9.92 on Friday. DNP Select Income Fund has a one year low of $8.02 and a one year high of $10.04. The business’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $9.46.

Insider Activity

In related news, 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 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. This represents a 68.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

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.