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

Posted by Hanz Christensen on Mar 20th, 2025

DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) announced a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders 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 yield of 8.13%. The ex-dividend date is Monday, June 30th.

DNP Select Income Fund has decreased its dividend by an average of 7.0% annually over the last three years.

DNP Select Income Fund Stock Performance

Shares of NYSE DNP opened at $9.60 on Thursday. DNP Select Income Fund has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The business has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $9.45.

Insiders Place Their Bets

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction that occurred 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 owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently 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.