Wolverine Asset Management LLC Takes Position in DNP Select Income Fund Inc. (NYSE:DNP)

Wolverine Asset Management LLC purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 165,186 shares of the investment management company's stock, valued at approximately $1,401,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in DNP Select Income Fund in the 3rd quarter valued at about $65,000. Tennessee Valley Asset Management Partners purchased a new position in DNP Select Income Fund in the 4th quarter valued at about $65,000. BOK Financial Private Wealth Inc. purchased a new position in DNP Select Income Fund in the 4th quarter valued at about $82,000. Investment Partners Asset Management Inc. purchased a new position in DNP Select Income Fund in the 4th quarter valued at about $85,000. Finally, Saxon Interests Inc. purchased a new position in DNP Select Income Fund in the 4th quarter valued at about $86,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

NYSE:DNP traded up $0.01 on Thursday, reaching $8.84. The stock had a trading volume of 561,752 shares, compared to its average volume of 628,513. The firm's fifty day moving average is $8.90 and its two-hundred day moving average is $8.92. DNP Select Income Fund Inc. has a 12-month low of $8.09 and a 12-month high of $11.18.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, April 29th. This represents a $0.78 annualized dividend and a dividend yield of 8.82%.

DNP Select Income Fund Company Profile

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.