Delaware Investments Dividend and Income Fund, Inc. (NYSE:DDF) to Issue $0.07 Monthly Dividend

Delaware Investments Dividend and Income Fund, Inc. (NYSE:DDF – Get Rating) declared a monthly dividend on Friday, May 6th, Wall Street Journal reports. Shareholders of record on Friday, May 20th will be given a dividend of 0.0654 per share on Friday, May 27th. This represents a $0.78 annualized dividend and a yield of 8.03%. The ex-dividend date of this dividend is Thursday, May 19th.

Delaware Investments Dividend and Income Fund has decreased its dividend by an average of 11.9% annually over the last three years.

DDF opened at $9.77 on Friday. The company’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $10.94. Delaware Investments Dividend and Income Fund has a 1-year low of $9.61 and a 1-year high of $12.19.

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of Delaware Investments Dividend and Income Fund in the fourth quarter valued at about $228,000. Citadel Advisors LLC bought a new position in Delaware Investments Dividend and Income Fund during the second quarter valued at about $224,000. Finally, Advisor Group Holdings Inc. grew its position in Delaware Investments Dividend and Income Fund by 170.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,378 shares of the company’s stock valued at $28,000 after buying an additional 1,500 shares during the period. Institutional investors own 4.67% of the company’s stock.

Delaware Investments Dividend and Income Fund Company Profile (Get Rating)

Delaware Investments Dividend and Income Fund, Inc is a closed-ended equity mutual fund launched by Delaware Management Holdings, Inc It is managed by Delaware Management Company. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

See Also