DNP Select Income Fund Inc. to Issue Monthly Dividend of $0.07 (NYSE:DNP)

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders 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 payment by an average of 7.0% per year over the last three years.

DNP Select Income Fund Stock Down 0.7 %

NYSE DNP opened at $9.57 on Wednesday. The stock’s 50-day moving average price is $9.40 and its 200-day moving average price is $9.45. DNP Select Income Fund has a 52 week low of $8.02 and a 52 week high of $10.04.

Insider Transactions 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 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 sale, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.