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

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Monday, March 17th, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.065 per share by the investment management company on Monday, May 12th. This represents a $0.78 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend is Wednesday, April 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 Price Performance

DNP opened at $9.53 on Monday. DNP Select Income Fund has a 1 year low of $8.02 and a 1 year high of $10.04. The firm has a 50 day moving average price of $9.48 and a 200 day moving average price of $9.39.

Insider Transactions at DNP Select Income Fund

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 transaction of $107,189.31. Following the completion of the sale, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.