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

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 paid a dividend of 0.065 per share by the investment management company on Monday, March 10th. This represents a $0.78 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend is Friday, February 28th.

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

DNP Select Income Fund Stock Performance

DNP stock opened at $9.50 on Wednesday. The stock’s 50 day moving average is $9.24 and its two-hundred day moving average is $9.42. DNP Select Income Fund has a 52-week low of $8.02 and a 52-week high of $10.04.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’s 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 sale, the director now owns 5,344 shares in the company, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.