DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) Director Philip R. Mcloughlin acquired 2,500 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were bought at an average cost of $8.33 per share, for a total transaction of $20,825.00. Following the completion of the acquisition, the director now directly owns 18,318 shares of the company’s stock, valued at approximately $152,588.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
DNP Select Income Fund Price Performance
Shares of DNP opened at $8.46 on Friday. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.38. The stock has a 50 day simple moving average of $8.51 and a 200-day simple moving average of $8.71.
DNP Select Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.78 annualized dividend and a yield of 9.23%.
Institutional Inflows and Outflows
DNP Select Income Fund Company Profile
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.
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