DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. boosted its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 104.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,387 shares of the investment management company's stock after acquiring an additional 184,064 shares during the period. Cohen & Steers Inc. owned about 0.10% of DNP Select Income Fund worth $3,179,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DNP. Wolverine Asset Management LLC purchased a new stake in shares of DNP Select Income Fund in the 4th quarter valued at about $2,915,000. Strategic Financial Concepts LLC acquired a new position in DNP Select Income Fund during the fourth quarter worth approximately $349,000. Barclays PLC purchased a new stake in DNP Select Income Fund in the third quarter valued at approximately $1,205,000. Bard Financial Services Inc. purchased a new stake in DNP Select Income Fund in the fourth quarter valued at approximately $763,000. Finally, J.W. Cole Advisors Inc. grew its position in shares of DNP Select Income Fund by 23.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company's stock worth $6,762,000 after acquiring an additional 145,449 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company's stock.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock traded up $0.13 during trading on Friday, reaching $9.46. The company's stock had a trading volume of 540,326 shares, compared to its average volume of 694,708. The company has a 50-day moving average price of $9.47 and a two-hundred day moving average price of $9.40. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.25%.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.