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

Posted by Maurice Goldstein on Mar 21st, 2025

DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) declared a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.065 per share by the investment management company on Thursday, July 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date is Monday, June 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 Trading Up 0.1 %

Shares of NYSE:DNP opened at $9.62 on Friday. DNP Select Income Fund has a 12-month low of $8.02 and a 12-month high of $10.04. The business’s fifty day simple moving average is $9.42 and its 200-day simple moving average is $9.45.

Insider Buying and Selling

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now directly owns 5,344 shares in the company, valued at $50,287.04. The trade was a 68.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by company insiders.

DNP Select Income Fund Company Profile

(Get Free Report)

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.