Somewhat Positive Media Coverage Somewhat Unlikely to Affect DNP Select Income Fund (NYSE:DNP) Stock Price

News stories about DNP Select Income Fund (NYSE:DNP) have trended somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DNP Select Income Fund earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 47.9936486167849 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of NYSE:DNP traded up $0.18 during trading on Tuesday, reaching $10.75. The stock had a trading volume of 500,293 shares, compared to its average volume of 433,327. DNP Select Income Fund has a fifty-two week low of $9.71 and a fifty-two week high of $11.57.

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The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Monday, April 30th will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Friday, April 27th.

In other news, Director Clifford W. Jr. Hoffman acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $10.33 per share, with a total value of $103,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.

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DNP Select Income Fund Company Profile

DNP Select Income Fund Inc is a closed-end diversified management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. Capital appreciation is a secondary objective. It seeks to achieve its investment objectives by investing primarily in the public utility industry.

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