Verus Capital Partners LLC Has $2.62 Million Stake in DNP Select Income Fund Inc. $DNP

Verus Capital Partners LLC increased its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 80.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 262,188 shares of the investment management company’s stock after acquiring an additional 116,498 shares during the period. Verus Capital Partners LLC’s holdings in DNP Select Income Fund were worth $2,619,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp boosted its holdings in DNP Select Income Fund by 678.5% during the third quarter. Atlantic Union Bankshares Corp now owns 183,942 shares of the investment management company’s stock worth $1,841,000 after purchasing an additional 160,314 shares during the last quarter. Providence First Trust Co boosted its holdings in DNP Select Income Fund by 135.8% during the fourth quarter. Providence First Trust Co now owns 206,438 shares of the investment management company’s stock worth $2,062,000 after purchasing an additional 118,905 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in DNP Select Income Fund by 414.2% during the fourth quarter. N.E.W. Advisory Services LLC now owns 653,002 shares of the investment management company’s stock worth $6,523,000 after purchasing an additional 526,009 shares during the last quarter. Foguth Wealth Management LLC. acquired a new position in DNP Select Income Fund during the fourth quarter worth $865,000. Finally, Truist Financial Corp boosted its holdings in DNP Select Income Fund by 73.5% during the third quarter. Truist Financial Corp now owns 166,837 shares of the investment management company’s stock worth $1,670,000 after purchasing an additional 70,698 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of DNP opened at $10.65 on Thursday. DNP Select Income Fund Inc. has a 12 month low of $9.59 and a 12 month high of $10.92. The firm has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $10.31.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

DNP Select Income Fund Company Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.