Verus Capital Partners LLC Has $2.62 Million Position in DNP Select Income Fund Inc. $DNP

Verus Capital Partners LLC boosted its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 80.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,188 shares of the investment management company’s stock after purchasing an additional 116,498 shares during the quarter. Verus Capital Partners LLC owned 0.07% of DNP Select Income Fund worth $2,619,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. grew its holdings in DNP Select Income Fund by 6.6% during the third quarter. J.W. Cole Advisors Inc. now owns 1,115,799 shares of the investment management company’s stock valued at $11,169,000 after purchasing an additional 69,145 shares during the period. Raymond James Financial Inc. grew its holdings in DNP Select Income Fund by 3.0% during the third quarter. Raymond James Financial Inc. now owns 991,070 shares of the investment management company’s stock valued at $9,921,000 after purchasing an additional 28,961 shares during the period. Bank of America Corp DE grew its holdings in DNP Select Income Fund by 9.1% during the third quarter. Bank of America Corp DE now owns 902,065 shares of the investment management company’s stock valued at $9,030,000 after purchasing an additional 74,916 shares during the period. Kentucky Trust Co grew its holdings in DNP Select Income Fund by 1.4% during the fourth quarter. Kentucky Trust Co now owns 659,350 shares of the investment management company’s stock valued at $6,587,000 after purchasing an additional 9,084 shares during the period. Finally, N.E.W. Advisory Services LLC grew its holdings in DNP Select Income Fund by 414.2% during the fourth quarter. N.E.W. Advisory Services LLC now owns 653,002 shares of the investment management company’s stock valued at $6,523,000 after purchasing an additional 526,009 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of NYSE DNP opened at $10.65 on Thursday. The firm has a 50 day moving average price of $10.57 and a 200 day moving average price of $10.31. DNP Select Income Fund Inc. has a 52-week low of $9.59 and a 52-week high of $10.92.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, June 30th.

DNP Select Income Fund Profile

DNP Select Income Fund is a closed?end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income?producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity?related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.