DNP Select Income Fund Inc. (DNP) To Go Ex-Dividend on May 27th

DNP Select Income Fund Inc. (NYSE:DNPGet Rating) announced a monthly dividend on Wednesday, March 9th, Wall Street Journal reports. Shareholders of record on Tuesday, May 31st will be paid a dividend of 0.065 per share by the investment management company on Friday, June 10th. This represents a $0.78 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend is Friday, May 27th.

DNP stock opened at $11.17 on Wednesday. DNP Select Income Fund has a 12-month low of $10.31 and a 12-month high of $12.00. The company’s fifty day simple moving average is $11.59 and its 200 day simple moving average is $11.20.

Several large investors have recently bought and sold shares of DNP. Eudaimonia Partners LLC purchased a new position in DNP Select Income Fund in the first quarter valued at about $493,000. Equitable Holdings Inc. boosted its position in DNP Select Income Fund by 18.9% during the 1st quarter. Equitable Holdings Inc. now owns 41,299 shares of the investment management company’s stock valued at $488,000 after buying an additional 6,552 shares during the period. Virtu Financial LLC lifted its position in shares of DNP Select Income Fund by 35.8% in the 4th quarter. Virtu Financial LLC now owns 29,783 shares of the investment management company’s stock worth $324,000 after purchasing an additional 7,846 shares during the period. Millennium Management LLC purchased a new stake in shares of DNP Select Income Fund in the 4th quarter worth about $273,000. Finally, Citadel Advisors LLC purchased a new stake in shares of DNP Select Income Fund in the 4th quarter worth about $269,000. 6.70% of the stock is owned by institutional investors.

About DNP Select Income Fund (Get Rating)

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.

See Also

Dividend History for DNP Select Income Fund (NYSE:DNP)

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