Shares of DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $10.04 and last traded at $9.99, with a volume of 48561 shares traded. The stock had previously closed at $10.00.
DNP Select Income Fund Stock Performance
The firm has a 50 day moving average price of $9.84 and a 200 day moving average price of $9.69.
DNP Select Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of DNP. J.W. Cole Advisors Inc. raised its position in DNP Select Income Fund by 447.6% during the second quarter. J.W. Cole Advisors Inc. now owns 1,046,654 shares of the investment management company's stock valued at $10,247,000 after acquiring an additional 855,521 shares in the last quarter. Smith Asset Management Co. LLC purchased a new stake in shares of DNP Select Income Fund in the first quarter valued at approximately $4,189,000. Royal Bank of Canada increased its position in shares of DNP Select Income Fund by 19.6% in the first quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company's stock valued at $25,109,000 after buying an additional 415,954 shares in the last quarter. N.E.W. Advisory Services LLC increased its position in shares of DNP Select Income Fund by 83.2% in the first quarter. N.E.W. Advisory Services LLC now owns 882,284 shares of the investment management company's stock valued at $8,726,000 after buying an additional 400,688 shares in the last quarter. Finally, Owen LaRue LLC increased its position in shares of DNP Select Income Fund by 46.5% in the second quarter. Owen LaRue LLC now owns 359,822 shares of the investment management company's stock valued at $3,523,000 after buying an additional 114,285 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.
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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