DNP Select Income Fund Inc. (DNP) To Go Ex-Dividend on June 30th

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Tuesday, March 18th, 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 annualized dividend and a dividend yield of 8.13%. 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 Stock Performance

NYSE:DNP opened at $9.60 on Thursday. DNP Select Income Fund has a twelve month low of $8.02 and a twelve month high of $10.04. The company has a 50-day moving average of $9.41 and a 200-day moving average of $9.45.

Insider Buying and Selling

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.06% 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.