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

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Friday, March 15th, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.065 per share by the investment management company on Friday, May 10th. This represents a $0.78 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend is Monday, April 29th.

DNP Select Income Fund Price Performance

NYSE:DNP remained flat at $8.84 during mid-day trading on Friday. 436,384 shares of the company traded hands, compared to its average volume of 517,399. DNP Select Income Fund has a 1-year low of $8.09 and a 1-year high of $11.18. The company has a 50 day moving average price of $8.91 and a two-hundred day moving average price of $8.92.

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.