Dividend Declaration: Delaware Investments(R) Dividend and Income Fund, Inc. Announces Dividends

Dividend Declaration: Delaware Investments(R) Dividend and Income Fund, Inc.
Announces Dividends

PHILADELPHIA, Nov. 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
$0.0575 per share. This dividend is payable November 27, 2009, to
shareholders of record at the close of business on November 13, 2009. The
ex-dividend date will be November 10, 2009.

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, if necessary, a return of capital.

On August 18, 2009, Lincoln National Corporation and Macquarie Group
("Macquarie") entered into an agreement pursuant to which Delaware
Investments, including Delaware Management Company, investment adviser to
Delaware Investments Dividend and Income Fund, Inc., will be acquired by
Macquarie, an Australia-based global provider of banking, financial, advisory,
investment and funds management services. The transaction is expected to
close on or around December 31, 2009, subject to regulatory approvals and
other customary closing conditions.

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 September 30, 2009. 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 or for shareholder related
questions, call 800 523-1918. 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.

On August 18, 2009, Lincoln National Corporation and Macquarie Group
("Macquarie") entered into an agreement pursuant to which Delaware
Investments, including Delaware Management Company, investment adviser to
Delaware Investments Dividend and Income Fund, Inc., will be acquired by
Macquarie, an Australia-based global provider of banking, financial, advisory,
investment and funds management services. The transaction is expected to
close on or around December 31, 2009, subject to regulatory approvals and
other customary closing conditions.

SOURCE Delaware Investments

Media, Ayele Ajavon, +1-215-255-1632, AAjavon@delinvest.com; or Laurel
O'Brien, +1-484-583-1735, Laurel.OBrien@lfg.com, both of Delaware Investments