DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) announced a monthly dividend on Thursday, September 18th. Shareholders of record on Friday, October 31st will be given a dividend of 0.065 per share by the investment management company on Monday, November 10th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Friday, October 31st.
DNP Select Income Fund Trading Down 0.1%
DNP stock traded down $0.01 during mid-day trading on Monday, hitting $9.94. 506,531 shares of the stock were exchanged, compared to its average volume of 603,674. The business has a fifty day moving average price of $9.84 and a 200 day moving average price of $9.70. DNP Select Income Fund has a 12 month low of $8.69 and a 12 month high of $10.04.
Institutional Trading of DNP Select Income Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of DNP Select Income Fund in the 2nd quarter valued at $27,000. Private Trust Co. NA bought a new stake in DNP Select Income Fund in the first quarter worth $35,000. Sunbelt Securities Inc. purchased a new stake in DNP Select Income Fund during the fourth quarter valued at about $34,000. IFP Advisors Inc boosted its position in DNP Select Income Fund by 25.6% during the first quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company's stock valued at $59,000 after buying an additional 1,210 shares during the period. Finally, NBC Securities Inc. grew its stake in shares of DNP Select Income Fund by 612,300.0% during the first quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company's stock valued at $60,000 after buying an additional 6,123 shares during the last quarter. Hedge funds and other institutional investors own 8.51% of the company's stock.
DNP Select Income Fund Company Profile
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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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