DNP Select Income Fund Inc. (DNP) to Issue Monthly Dividend of $0.07 on December 10th

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Thursday, September 17th. Stockholders of record on Monday, November 30th will be given a dividend of 0.065 per share by the investment management company on Thursday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Monday, November 30th.

DNP Select Income Fund Stock Performance

Shares of DNP stock opened at $10.06 on Friday. DNP Select Income Fund has a 1-year low of $9.69 and a 1-year high of $11.16. The business has a 50-day moving average of $10.82 and a 200 day moving average of $10.67.

Institutional Trading of DNP Select Income Fund

A number of institutional investors have recently made changes to their positions in the stock. GW Henssler & Associates Ltd. grew its holdings in shares of DNP Select Income Fund by 3.3% in the fourth quarter. GW Henssler & Associates Ltd. now owns 31,666 shares of the investment management company’s stock worth $316,000 after purchasing an additional 1,000 shares during the last quarter. Avantax Planning Partners Inc. increased its stake in shares of DNP Select Income Fund by 10.7% in the first quarter. Avantax Planning Partners Inc. now owns 12,438 shares of the investment management company’s stock worth $128,000 after buying an additional 1,199 shares during the period. Balanced Wealth Group LLC raised its holdings in DNP Select Income Fund by 4.1% during the 1st quarter. Balanced Wealth Group LLC now owns 31,571 shares of the investment management company’s stock valued at $325,000 after buying an additional 1,229 shares during the last quarter. Talon Private Wealth LLC raised its holdings in DNP Select Income Fund by 2.8% during the 2nd quarter. Talon Private Wealth LLC now owns 52,985 shares of the investment management company’s stock valued at $572,000 after buying an additional 1,452 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in DNP Select Income Fund by 2.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 70,472 shares of the investment management company’s stock valued at $760,000 after buying an additional 1,462 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

DNP Select Income Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

DNP invests primarily in companies involved in public utilities and other infrastructure-related industries. Its portfolio has historically emphasized electric, natural gas and telecommunications businesses, including regulated utilities and other issuers whose operations may generate relatively stable cash flows and dividend income.

The fund is managed by Duff & Phelps Investment Management Co, an investment adviser specializing in utility and infrastructure securities.