DNP Select Income Fund Inc. Authorizes Payment of Dividends on Its Common Stock, Payable on August 10, 2020, September 10, 2020 and October 13, 2020 Respectively
June 11, 2020 at 05:30 pm EDT
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The Board of Directors of DNP Select Income Fund Inc. authorized the payment of dividends on its common stock of 6.5 cents per share with ex-dividend dates of July 30, 2020, August 28, 2020 and September 29, 2020, record dates of July 31, 2020, August 31, 2020 and September 30, 2020 and payable date of August 10, 2020, September 10, 2020 and October 13, 2020 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.
DNP Select Income Fund Inc. Authorizes Payment of Dividends on Its Common Stock, Payable on August 10, 2020, September 10, 2020 and October 13, 2020 Respectively