Philip R. Mcloughlin Purchases 2,500 Shares of DNP Select Income Fund Inc. (NYSE:DNP) Stock

DNP Select Income Fund Inc. (NYSE:DNP) Director Philip R. Mcloughlin acquired 2,500 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were bought at an average cost of $8.33 per share, with a total value of $20,825.00. Following the transaction, the director now directly owns 18,318 shares of the company’s stock, valued at approximately $152,588.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

DNP Select Income Fund Stock Up 0.4 %

Shares of DNP opened at $8.34 on Thursday. The company has a 50-day simple moving average of $8.51 and a 200-day simple moving average of $8.72. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.40.

DNP Select Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.78 dividend on an annualized basis and a yield of 9.35%.

Institutional Trading of DNP Select Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNP. B. Riley Wealth Advisors Inc. bought a new stake in DNP Select Income Fund in the third quarter valued at about $108,000. Gill Capital Partners LLC increased its stake in DNP Select Income Fund by 9.4% in the fourth quarter. Gill Capital Partners LLC now owns 30,300 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 2,595 shares during the period. Ausdal Financial Partners Inc. increased its stake in DNP Select Income Fund by 8.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 26,473 shares of the investment management company’s stock valued at $224,000 after acquiring an additional 2,025 shares during the period. RDA Financial Network grew its stake in DNP Select Income Fund by 10.9% during the fourth quarter. RDA Financial Network now owns 50,963 shares of the investment management company’s stock worth $432,000 after buying an additional 4,989 shares during the last quarter. Finally, Advisor Resource Council bought a new stake in DNP Select Income Fund during the fourth quarter worth about $352,000. Institutional investors own 8.51% of the company’s stock.

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.