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

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Monday, December 16th, investing.com reports. Investors of record on Friday, February 28th will be paid a dividend of 0.065 per share by the investment management company on Monday, March 10th. This represents a $0.78 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend is Friday, February 28th.

DNP Select Income Fund has decreased its dividend payment by an average of 15.2% per year over the last three years.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.50 on Wednesday. The business’s 50-day moving average is $9.24 and its two-hundred day moving average is $9.42. DNP Select Income Fund has a 12 month low of $8.02 and a 12 month high of $10.04.

Insider Activity

In other 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

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.