DNP Select Income Fund Inc. Announces Dividend on Common Stock, Payable on February 12, 2024, March 11, 2024 and April 10, 2024 Respectively
December 14, 2023 at 05:01 pm EST
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The Board of Directors of DNP Select Income Fund Inc. authorized the payment of dividends of 6.5 cents per share on its common stock as: Ex-dividend date of January 30, 2024, February 28, 2024 and March 27, 2024, respectively. Record date of January 31, 2024, February 29, 2024 and March 28, 2024, respectively. Payable date on February 12, 2024, March 11, 2024 and April 10, 2024, respectively.
DNP Select Income Fund Inc. (Fund) is a closed-end diversified management investment company. The primary investment objectives of the Fund are current income and long-term growth of income. Capital appreciation is a secondary objective. The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. It invests more than 65% of its total assets in securities of public utility companies engaged in the production, transmission or distribution of electric energy, gas, or telephone services. It invests in master limited partnerships, which make distributions that are primarily attributable to return of capital. The Fundâs policy of concentrating its investments in the utilities industry has been developed to take advantage of the characteristics of securities of companies in that industry. The investment advisor of the Fund is Duff & Phelps Investment Management Co.