DNP Select Income Fund Inc. (DNP) To Go Ex-Dividend on May 29th

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Monday, March 16th. Shareholders of record on Friday, May 29th will be given a dividend of 0.065 per share by the investment management company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, May 29th.

DNP Select Income Fund Stock Performance

DNP stock opened at $10.88 on Wednesday. DNP Select Income Fund has a 52-week low of $9.59 and a 52-week high of $10.91. The company has a 50-day moving average of $10.51 and a two-hundred day moving average of $10.28.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DNP. Axiom Investment Management LLC acquired a new position in shares of DNP Select Income Fund during the first quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of DNP Select Income Fund during the fourth quarter valued at about $28,000. Ameriflex Group Inc. raised its position in shares of DNP Select Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,000 shares of the investment management company’s stock valued at $30,000 after buying an additional 1,500 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of DNP Select Income Fund during the fourth quarter valued at about $32,000. Finally, Smithfield Trust Co acquired a new position in shares of DNP Select Income Fund during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

About DNP Select Income Fund

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.