Royal Bank of Canada Has $33.27 Million Position in DNP Select Income Fund Inc. $DNP

Royal Bank of Canada raised its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,229,721 shares of the investment management company’s stock after purchasing an additional 131,646 shares during the period. Royal Bank of Canada’s holdings in DNP Select Income Fund were worth $33,266,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC boosted its holdings in shares of DNP Select Income Fund by 414.2% during the 4th quarter. N.E.W. Advisory Services LLC now owns 653,002 shares of the investment management company’s stock worth $6,523,000 after buying an additional 526,009 shares during the period. LPL Financial LLC raised its holdings in DNP Select Income Fund by 16.3% in the 4th quarter. LPL Financial LLC now owns 3,060,999 shares of the investment management company’s stock valued at $30,579,000 after acquiring an additional 430,094 shares during the period. Alchemi Wealth LLC bought a new position in DNP Select Income Fund in the 4th quarter valued at about $2,489,000. Align Financial LLC acquired a new stake in DNP Select Income Fund during the fourth quarter worth approximately $2,352,000. Finally, Creative Planning lifted its position in DNP Select Income Fund by 68.2% during the third quarter. Creative Planning now owns 408,748 shares of the investment management company’s stock worth $4,092,000 after acquiring an additional 165,688 shares during the last quarter. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Up 0.0%

DNP Select Income Fund stock opened at $10.76 on Tuesday. DNP Select Income Fund Inc. has a 12 month low of $9.69 and a 12 month high of $11.16. The stock’s 50 day moving average is $10.85 and its 200-day moving average is $10.56.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be paid a $0.065 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.3%.

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.