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

DNP Select Income Fund Inc. (NYSE:DNP) declared a monthly dividend on Friday, June 21st, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.065 per share by the investment management company on Tuesday, September 10th. This represents a $0.78 annualized dividend and a dividend yield of 9.64%. The ex-dividend date of this dividend is Friday, August 30th.

DNP Select Income Fund Trading Down 0.6 %

Shares of DNP opened at $8.10 on Friday. The firm has a 50-day simple moving average of $8.66 and a two-hundred day simple moving average of $8.75. DNP Select Income Fund has a 1-year low of $8.02 and a 1-year high of $10.53.

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.