DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) announced a monthly dividend on Thursday, September 17th. Stockholders of record on Friday, October 30th will be paid a dividend of 0.065 per share by the investment management company on Tuesday, November 10th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, October 30th.
DNP Select Income Fund Trading Up 0.2%
Shares of DNP stock opened at $10.22 on Friday. DNP Select Income Fund has a 1-year low of $9.69 and a 1-year high of $11.16. The stock’s fifty day simple moving average is $10.84 and its 200-day simple moving average is $10.68.
About DNP Select Income Fund
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.
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