Delaware Investments Dividend and Income Fund, Inc. Announces Dividends

PHILADELPHIA, Sept. 2 /PRNewswire-FirstCall/ -- Today, Delaware
Investments Dividend and Income Fund, Inc. (the "Fund"), a New York Stock
Exchange-listed closed-end fund trading under the symbol "DDF," declares a
monthly dividend of eight cents per share. This dividend is payable September
26, 2008, to shareholders of record at the close of business on September 12,
2008. The ex-dividend date will be September 10, 2008.
The Fund is a diversified closed-end fund. The primary investment
objective is to seek high current income; capital appreciation is a secondary
objective. The Fund seeks to achieve its objectives by investing, under normal
circumstances, at least 65% of its total assets in income-generating equity
securities, including dividend-paying common stocks, convertible securities,
preferred stocks, and other equity-related securities. Up to 35% of the Fund's
total assets may be invested in nonconvertible debt securities consisting
primarily of high yield, high risk corporate bonds. In addition, the Fund
utilizes leveraging techniques in an attempt to obtain a higher return for the
Fund. There is no assurance that the Fund will achieve its investment
objectives.
The Fund has implemented a managed distribution policy. Under the policy,
the Fund is managed with a goal of generating as much of the distribution as
possible from net investment income and short-term capital gains. The balance
of the distribution will then come from long-term capital gains to the extent
permitted and a return of capital.
About Delaware Investments:
Delaware Investments, an affiliate of Lincoln Financial Group, is a
Philadelphia-based diversified asset management firm with more than $135
billion in assets under management as of June 30, 2008. Through a broad range
of managed accounts and portfolios, mutual funds, retirement accounts, sub-
advised funds, and other investment products, Delaware Investments provides
investment services to individual investors and to institutional investors
such as private and public pension funds, foundations, and endowment funds.
Delaware Investments is the marketing name for Delaware Management Holdings,
Inc. and its subsidiaries. For more information on Delaware Investments, visit
the company at www.delawareinvestments.com. Lincoln Financial Group is the
marketing name for Lincoln National Corporation (NYSE: LNC) and its
affiliates. For more information on Lincoln Financial Group, visit
www.lincolnfinancial.com.
SOURCE Delaware Investments

Ayele Ajavon, +1-215-255-1632, aajavon@delinvest.com, or Laurel O'Brien,
+1-215-255-1520, lobrien@delinvest.com, both Corporate Communications of
Delaware Investments