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

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Thursday, December 11th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.065 per share by the investment management company on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Tuesday, March 31st.

DNP Select Income Fund Stock Down 0.2%

DNP Select Income Fund stock traded down $0.03 during trading hours on Friday, hitting $10.00. The stock had a trading volume of 255,278 shares, compared to its average volume of 587,570. The stock’s 50-day moving average price is $10.09 and its 200-day moving average price is $9.91. DNP Select Income Fund has a 12-month low of $8.69 and a 12-month high of $10.35.

Institutional Trading of DNP Select Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in shares of DNP Select Income Fund in the second quarter worth $27,000. Ameriflex Group Inc. raised its position in DNP Select Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,000 shares of the investment management company’s stock worth $30,000 after buying an additional 1,500 shares during the last quarter. City Holding Co. bought a new position in DNP Select Income Fund during the 3rd quarter valued at about $37,000. Private Wealth Asset Management LLC purchased a new stake in shares of DNP Select Income Fund during the 3rd quarter valued at about $44,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of DNP Select Income Fund in the second quarter worth approximately $64,000. Institutional investors own 8.51% 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.