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

DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) announced a monthly dividend on Friday, March 17th, Wall Street Journal reports. Investors of record on Wednesday, May 31st will be paid a dividend of 0.065 per share by the investment management company on Monday, June 12th. This represents a $0.78 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date of this dividend is Tuesday, May 30th.

DNP Select Income Fund Stock Performance

Shares of DNP opened at $11.03 on Friday. The stock’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $11.15. DNP Select Income Fund has a 1 year low of $9.83 and a 1 year high of $12.00.

Institutional Trading of DNP Select Income Fund

Several hedge funds have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of DNP Select Income Fund in the first quarter valued at $49,000. Bessemer Group Inc. purchased a new position in shares of DNP Select Income Fund in the fourth quarter valued at $63,000. Worth Asset Management LLC purchased a new position in shares of DNP Select Income Fund in the first quarter valued at $94,000. JPMorgan Chase & Co. purchased a new position in shares of DNP Select Income Fund in the fourth quarter valued at $106,000. Finally, Linscomb & Williams Inc. purchased a new position in shares of DNP Select Income Fund in the fourth quarter valued at $122,000. 7.75% of the stock is currently owned by institutional investors.

About DNP Select Income Fund

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DNP Select Income Fund, Inc is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. the company was founded on January 21, 1986 and is headquartered in Chicago, IL.