DNP Select Income Fund (NYSE:DNP) Hits New 1-Year High at $10.03

DNP Select Income Fund Inc. (NYSE:DNP)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $10.03 and last traded at $10.02, with a volume of 153422 shares traded. The stock had previously closed at $9.98.

DNP Select Income Fund Stock Up 0.4 %

The stock’s 50 day moving average is $9.31 and its 200 day moving average is $8.90.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.78 annualized dividend and a dividend yield of 7.78%.

Institutional Investors Weigh In On DNP Select Income Fund

A number of large investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC boosted its stake in shares of DNP Select Income Fund by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock valued at $25,000 after acquiring an additional 1,500 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of DNP Select Income Fund during the 2nd quarter worth about $49,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of DNP Select Income Fund by 13.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after buying an additional 1,150 shares in the last quarter. Saxon Interests Inc. acquired a new position in shares of DNP Select Income Fund in the second quarter valued at approximately $82,000. Finally, GEM Asset Management LLC purchased a new position in shares of DNP Select Income Fund during the second quarter valued at approximately $83,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

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.