DNP Select Income Fund Inc. Plans Monthly Dividend of $0.07 (NYSE:DNP)

DNP Select Income Fund Inc. (NYSE:DNP) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.065 per share by the investment management company on Thursday, April 10th. This represents a $0.78 annualized dividend and a yield of 8.65%. The ex-dividend date is Monday, March 31st.

DNP Select Income Fund Trading Down 0.9 %

DNP opened at $9.02 on Wednesday. The firm’s 50 day simple moving average is $9.48 and its two-hundred day simple moving average is $9.16. DNP Select Income Fund has a 1-year low of $8.02 and a 1-year high of $10.04.

About DNP Select Income Fund

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.