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

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

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

DNP Select Income Fund Stock Performance

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

Insider Buying and Selling

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.