10,164 Shares in DNP Select Income Fund Inc. (NYSE:DNP) Purchased by Saxon Interests Inc.

Saxon Interests Inc. bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,164 shares of the investment management company’s stock, valued at approximately $86,000.

Other hedge funds have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new position in DNP Select Income Fund in the 3rd quarter worth approximately $108,000. ST Germain D J Co. Inc. bought a new stake in shares of DNP Select Income Fund during the second quarter valued at approximately $99,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of DNP Select Income Fund by 61.2% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 226,667 shares of the investment management company’s stock valued at $2,158,000 after acquiring an additional 86,044 shares in the last quarter. Advisor Resource Council bought a new stake in shares of DNP Select Income Fund during the fourth quarter valued at approximately $352,000. Finally, N.E.W. Advisory Services LLC grew its position in DNP Select Income Fund by 1,893.4% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 423,309 shares of the investment management company’s stock worth $4,030,000 after purchasing an additional 402,073 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.1 %

NYSE:DNP traded down $0.01 during trading hours on Friday, reaching $9.07. The company had a trading volume of 551,718 shares, compared to its average volume of 620,643. The firm’s 50 day moving average price is $8.85 and its 200-day moving average price is $9.03. DNP Select Income Fund Inc. has a 52 week low of $8.09 and a 52 week high of $11.18.

DNP Select Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date is Monday, April 29th.

DNP Select Income Fund 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.