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

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors 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 8.15%. The ex-dividend date of this dividend is Monday, June 30th.

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

DNP Select Income Fund Stock Down 0.7 %

DNP Select Income Fund stock traded down $0.07 during trading hours on Tuesday, hitting $9.57. The stock had a trading volume of 302,885 shares, compared to its average volume of 700,066. DNP Select Income Fund has a 12-month low of $8.02 and a 12-month high of $10.04. The stock’s 50-day moving average price is $9.39 and its 200-day moving average price is $9.45.

Insiders Place Their Bets

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

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.