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 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) annualized dividend and a yield of 7.5%. The ex-dividend date is Friday, May 29th.

DNP Select Income Fund Stock Performance

NYSE DNP opened at $10.34 on Tuesday. The company’s fifty day moving average is $10.23 and its two-hundred day moving average is $10.10. DNP Select Income Fund has a 52-week low of $8.69 and a 52-week high of $10.65.

DNP Select Income Fund Company Profile

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.