DNP Select Income Fund Inc. Authorizes Payment of Dividends on Its Common Stock, Payable on May 10, 2021, June 10, 2021 and July 12, 2021 Respectively
March 08, 2021
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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 April 29, 2021, May 27, 2021 and June 29, 2021, record dates of April 30, 2021, May 28, 2021 and June 30, 2021 and payable date of May 10, 2021, June 10, 2021 and July 12, 2021 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.