DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) declared a monthly dividend on Monday, March 17th, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.065 per share by the investment management company on Monday, May 12th. This represents a $0.78 annualized dividend and a yield of 8.11%. The ex-dividend date of this dividend is Wednesday, April 30th.
DNP Select Income Fund has decreased its dividend payment by an average of 7.0% annually over the last three years.
DNP Select Income Fund Price Performance
DNP traded up $0.02 during trading on Friday, hitting $9.62. 625,558 shares of the company traded hands, compared to its average volume of 695,022. DNP Select Income Fund has a one year low of $8.02 and a one year high of $10.04. The stock's fifty day moving average is $9.49 and its 200 day moving average is $9.40.
Insider Activity
In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.
About DNP Select Income Fund
(
Get Free Report)
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.
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