DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) declared a monthly dividend on Thursday, September 17th. Investors 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) annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, November 30th.
DNP Select Income Fund Stock Down 0.9%
Shares of DNP opened at $10.13 on Friday. The firm’s fifty day simple moving average is $10.84 and its two-hundred day simple moving average is $10.68. DNP Select Income Fund has a 12 month low of $9.69 and a 12 month high of $11.16.
Institutional Investors Weigh In On DNP Select Income Fund
A number of hedge funds have recently added to or reduced their stakes in the business. Axiom Investment Management LLC acquired a new stake in shares of DNP Select Income Fund during the 1st quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in DNP Select Income Fund during the second quarter worth $31,000. Smithfield Trust Co acquired a new stake in DNP Select Income Fund in the fourth quarter worth $33,000. Hilton Head Capital Partners LLC bought a new stake in DNP Select Income Fund in the fourth quarter valued at $48,000. Finally, Global Assets Advisory LLC acquired a new position in shares of DNP Select Income Fund during the first quarter valued at about $79,000. 8.51% of the stock is currently owned by institutional investors.
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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