Geraldine M. Mcnamara Sells 11,391 Shares of DNP Select Income Fund Inc. (NYSE:DNP) Stock

DNP Select Income Fund Inc. (NYSE:DNP) Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares in the company, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

DNP Select Income Fund Price Performance

DNP stock opened at $9.46 on Friday. The stock’s fifty day simple moving average is $9.23 and its two-hundred day simple moving average is $9.41. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a dividend of $0.065 per share. The ex-dividend date was Friday, January 31st. This represents a dividend yield of 8.24%.

Institutional Trading of DNP Select Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in shares of DNP Select Income Fund by 2.0% in the 4th quarter. LPL Financial LLC now owns 2,202,234 shares of the investment management company’s stock valued at $19,424,000 after acquiring an additional 42,768 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of DNP Select Income Fund by 10.2% in the 4th quarter. Royal Bank of Canada now owns 2,122,866 shares of the investment management company’s stock valued at $18,724,000 after acquiring an additional 196,531 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of DNP Select Income Fund by 995.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock valued at $13,925,000 after acquiring an additional 1,434,708 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of DNP Select Income Fund by 7.9% in the 4th quarter. Baird Financial Group Inc. now owns 1,571,899 shares of the investment management company’s stock valued at $13,864,000 after acquiring an additional 115,109 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of DNP Select Income Fund by 4.1% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock valued at $12,974,000 after acquiring an additional 50,425 shares in the last quarter. Hedge funds and other institutional investors 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.