DNP Selects Income Fund Announces Dividends, Payable on August 12, 2019 , September 10, 2019 and October 10, 2019 Respectively
June 13, 2019 at 05:00 pm EDT
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DNP Select Income Fund Inc. authorized the payment of dividends on its common stock of 6.5 cents per share with record dates of July 31, 2019, August 30, 2019 and September 30, 2019 respectively. Payment dates are August 12, 2019, September 10, 2019 and October 10, 2019 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. The Fund 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.