Sowell Financial Services LLC Buys Shares of 220,850 DNP Select Income Fund Inc. $DNP

Sowell Financial Services LLC purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the third quarter, Holdings Channel.com reports. The fund purchased 220,850 shares of the investment management company’s stock, valued at approximately $2,211,000.

Several other large investors have also bought and sold shares of DNP. Ameritas Advisory Services LLC acquired a new position in DNP Select Income Fund during the second quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of DNP Select Income Fund during the 2nd quarter valued at approximately $64,000. Chelsea Counsel Co. acquired a new position in DNP Select Income Fund during the 2nd quarter worth approximately $82,000. Walled Lake Planning & Wealth Management LLC bought a new position in DNP Select Income Fund in the 2nd quarter valued at approximately $103,000. Finally, TCI Wealth Advisors Inc. acquired a new stake in DNP Select Income Fund in the second quarter valued at approximately $104,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.3%

Shares of NYSE:DNP opened at $10.08 on Tuesday. DNP Select Income Fund Inc. has a 52-week low of $8.69 and a 52-week high of $10.35. The company has a fifty day moving average of $10.10 and a 200-day moving average of $9.94.

DNP Select Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be given a $0.065 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.7%.

About DNP Select Income Fund

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.