D/P SELECTED UTILITIES &lt;DNP> HIKES PAYOUTS

  Duff and Phelps Selected Utilities Inc
  said it approved payment of higher monthly dividends.
      The closed end-investment company approved payment of 4.5
  cts on April 10, record March 31; of five cts, payable May 11,
  record April 30; and of 5.5 cts, payable June 10, record May
  29.
      Duff and Phelps first monthly dividend of four cts was paid
  on March 10, it noted.
  

