Dividend Alert: Dec 12, 2016 is the day Duff & Phelps Utilities Income, Inc. (NYSE:DNP) promises dividends of $0.07. Here’s what they have to say.

Dividend Alert: Dec 12, 2016 is the day Duff & Phelps Utilities Income, Inc. (NYSE:DNP) promises dividends of $0.07. Here's what they have to say.

Duff & Phelps Utilities Income, Inc. (NYSE:DNP) is expected to pay $0.07 on Dec 12, 2016. The indicated annual dividend is $0.78. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Duff & Phelps Utilities Income, Inc.’s current price of $10.24, the dividend is 0.63%. This dividend’s record date is Nov 30, 2016 and the announcement date is Sep 19, 2016. The stock increased 0.84% or $0.09 on November 25, hitting $10.24. About 159,639 shares traded hands. DNP Select Income Fund Inc. (NYSE:DNP) has risen 1.39% since April 25, 2016 and is uptrending. It has underperformed by 4.63% the S&P500.

DNP Select Income Fund Inc. is a closed-end diversified management investment company. The company has a market cap of $2.91 billion. The Fund’s primary investment objectives are current income and long-term growth of income. It has a 26.67 P/E ratio. Capital appreciation is a secondary objective.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.28, from 1.18 in 2016Q1. The ratio improved, as 12 funds sold all DNP Select Income Fund Inc. shares owned while 32 reduced positions. 9 funds bought stakes while 43 increased positions. They now own 7.87 million shares or 14.83% less from 9.25 million shares in 2016Q1.
North Star Investment Mgmt Corporation owns 6,493 shares or 0.01% of their US portfolio. Moreover, Bb&T Securities Lc has 0% invested in DNP Select Income Fund Inc. (NYSE:DNP) for 13,556 shares. Oarsman holds 37,840 shares or 0.21% of its portfolio. Creative Planning has 0.01% invested in the company for 67,566 shares. Finemark Bankshares And Tru last reported 103,177 shares in the company. Southeast Asset Advsrs last reported 15,472 shares in the company. Keybank National Association Oh holds 0% of its portfolio in DNP Select Income Fund Inc. (NYSE:DNP) for 10,680 shares. Advisory Services Llc has invested 0.03% of its portfolio in DNP Select Income Fund Inc. (NYSE:DNP). Mariner Wealth Advsr Limited Liability holds 0.01% of its portfolio in DNP Select Income Fund Inc. (NYSE:DNP) for 23,917 shares. Fiduciary Tru Com last reported 0.02% of its portfolio in the stock. Investors Cap Advisory Ser, a Massachusetts-based fund reported 78,370 shares. Natl Planning Corp holds 13,143 shares or 0.01% of its portfolio. Iowa Financial Bank last reported 0.04% of its portfolio in the stock. Pnc Financial Services Grp, a Pennsylvania-based fund reported 106,093 shares. Wetherby Asset Inc accumulated 0.03% or 10,601 shares.

More important recent DNP Select Income Fund Inc. (NYSE:DNP) news were published by: Marketwatch.com which released: “DNP Select Income Fund Inc.” on February 06, 2011, also Prnewswire.com published article titled: “DNP Select Income Fund Announces Dividends And Sources Of Distribution”, Seekingalpha.com published: “I Would Avoid DNP Select Income Fund At The Present Time” on June 22, 2015. More interesting news about DNP Select Income Fund Inc. (NYSE:DNP) was released by: Seekingalpha.com and their article: “DNP Select Income Fund Vs. S&P 500 Index Fund” with publication date: July 25, 2016.

DNP Company Profile

DNP Select Income Fund Inc. (the Fund), incorporated on November 26, 1986, is a diversified closed-end management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. The Company’s secondary investment objective is capital appreciation. DNP Select Income Fund Inc. primarily invests in a diversified portfolio of equity and fixed-income securities of companies in the public utilities industry.

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