DNP Select Income Fund (NYSE:DNP) Director Mark Kahrer Buys 20,000 Shares

DNP Select Income Fund Inc. (NYSE:DNP) Director Mark Kahrer purchased 20,000 shares of the stock in a transaction dated Wednesday, February 11th. The shares were purchased at an average price of $10.21 per share, for a total transaction of $204,200.00. Following the completion of the transaction, the director owned 23,000 shares in the company, valued at $234,830. This trade represents a 666.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

DNP Select Income Fund Trading Up 0.3%

Shares of DNP opened at $10.29 on Friday. The company has a 50-day moving average of $10.04 and a two-hundred day moving average of $10.01. DNP Select Income Fund Inc. has a one year low of $8.69 and a one year high of $10.35.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.065 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Tuesday, March 31st.

Institutional Investors Weigh In On DNP Select Income Fund

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its stake in shares of DNP Select Income Fund by 3.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,497,243 shares of the investment management company’s stock valued at $14,957,000 after purchasing an additional 47,974 shares during the period. Principal Securities Inc. increased its holdings in shares of DNP Select Income Fund by 4,601.3% in the fourth quarter. Principal Securities Inc. now owns 114,852 shares of the investment management company’s stock valued at $1,147,000 after purchasing an additional 112,409 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of DNP Select Income Fund by 7.4% during the fourth quarter. Kovack Advisors Inc. now owns 60,441 shares of the investment management company’s stock worth $589,000 after acquiring an additional 4,173 shares during the last quarter. LPL Financial LLC boosted its stake in shares of DNP Select Income Fund by 16.3% in the 4th quarter. LPL Financial LLC now owns 3,060,999 shares of the investment management company’s stock valued at $30,579,000 after purchasing an additional 430,094 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of DNP Select Income Fund in the 4th quarter valued at approximately $48,000. Institutional investors own 8.51% of the company’s stock.

About DNP Select Income Fund

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.