N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:	811-07460
Exact name of registrant as specified in charter:	Delaware Investments® Dividend and
	Income Fund, Inc.
Address of principal executive offices:	2005 Market Street
	Philadelphia, PA 19103
Name and address of agent for service:	David F. Connor, Esq.
	2005 Market Street
	Philadelphia, PA 19103
Registrant’s telephone number, including area code:	(800) 523-1918
Date of fiscal year end:	November 30
Date of reporting period:	August 31, 2016

Item 1. Schedule of Investments.

Schedule of investments

Delaware Investments^® Dividend and Income Fund, Inc.
August 31, 2016 (Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock – 92.99%
Consumer Discretionary – 3.26%
	JC Penney †	100,000	$	943,000
	Lowe’s	26,000		1,990,560
				2,933,560
Consumer Staples – 9.13%
	Archer-Daniels-Midland	48,200		2,109,232
	CVS Health	21,200		1,980,080
	Kraft Heinz	23,233		2,079,121
	Mondelez International	45,600		2,052,912
				8,221,345
Diversified REITs – 2.63%
	Fibra Uno Administracion	104,000		201,291
	Gramercy Property Trust	60,845		588,980
	Intervest Offices &
	Warehouses	14,738		407,042
	Lexington Realty Trust	55,700		601,003
	Vornado Realty Trust	2,965		306,314
	Wereldhave	5,500		263,620
				2,368,250
Energy – 10.13%
	Chevron	20,100		2,021,658
	ConocoPhillips	50,500		2,073,025
	Halliburton	46,800		2,012,868
	Marathon Oil	61,400		922,228
	Occidental Petroleum	27,200		2,090,320
				9,120,099
Financials – 9.85%
	Allstate	30,000		2,068,800
	Bank of New York Mellon	51,800		2,158,506
	BB&T	56,800		2,186,800
	Marsh & McLennan	32,100		2,170,923
	Solar Capital	13,828		284,027
				8,869,056
Healthcare – 15.90%
	Abbott Laboratories	46,500		1,953,930
	Cardinal Health	24,900		1,983,783
	Express Scripts Holding †	26,770		1,946,179
	Johnson & Johnson	17,300		2,064,582
	Merck	35,200		2,210,208
	Pfizer	58,189		2,024,977
	Quest Diagnostics @	25,700		2,128,474
				14,312,133
Healthcare REITs – 0.43%
	Healthcare Trust of America
	Class A	6,200		209,188
	Welltower	2,300		176,525
				385,713
Hotel REITs – 1.27%
	Ashford Hospitality Prime	1,790		27,763
	Ashford Hospitality Trust	7,100		49,487
	DiamondRock Hospitality	14,100		149,319
	Hospitality Properties Trust	5,500		167,695
	Host Hotels & Resorts	8,800		156,816
	Pebblebrook Hotel Trust	5,400		162,216
	Summit Hotel Properties @	30,200		431,860
				1,145,156
Industrial REITs – 0.62%
	Duke Realty	6,600		185,592
	Prologis	680		36,115
	Terreno Realty	12,500		334,500
				556,207
Industrials – 6.86%
	Northrop Grumman	9,700		2,057,079
	Raytheon	14,900		2,087,937
	Waste Management	31,700		2,026,898
				6,171,914
Information Technology – 9.23%
	CA @	62,386		2,115,509
	Cisco Systems	71,300		2,241,672
	Intel	60,900		2,185,701
	Xerox @	179,200		1,765,120
				8,308,002
Mall REITs – 2.02%
	General Growth Properties	5,871		171,081
	Simon Property Group	7,647		1,647,699
				1,818,780
Materials – 2.74%
	EI du Pont de Nemours	31,300		2,178,480
	Tarkett	8,063		283,127
				2,461,607
Mixed REITs – 0.16%
	PS Business Parks	1,300		144,014
				144,014
Mortgage REITs – 0.48%
	Colony Capital	9,700		179,159
	Starwood Property Trust	10,900		249,610
				428,769

(continues)      NQ-DDF [8/16] 10/16 (17657) 1

Schedule of investments

Delaware Investments^® Dividend and Income Fund, Inc. (Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock (continued)
Multifamily REITs – 2.95%
	ADO Properties 144A #	11,797	$	517,542
	American Homes 4 Rent	9,080		198,580
	Apartment Investment &
	Management	20,819		940,602
	Equity Residential	5,600		363,272
	Gecina	1,794		280,657
	Post Properties	3,600		238,608
	Vonovia	2,930		114,014
				2,653,275
Office REITs – 2.91%
	alstria office REIT	18,775		261,782
	Easterly Government
	Properties	53,600		1,044,664
	Equity Commonwealth †	15,800		494,382
	Hudson Pacific Properties	3,300		110,451
	Mack-Cali Realty	7,000		194,320
	Parkway Properties	8,200		147,600
	SL Green Realty	3,100		364,932
				2,618,131
Retail REITs – 0.26%
	Klepierre	2,210		103,561
	Wheeler Real Estate
	Investment Trust	72,456		127,523
				231,084
Self-Storage REITs – 0.39%
	Extra Space Storage	3,200		257,760
	Jernigan Capital	5,900		95,521
				353,281
Shopping Center REITs – 2.50%
	Brixmor Property Group	16,700		476,952
	DDR	16,300		308,233
	First Capital Realty	9,381		158,734
	Kimco Realty	11,030		331,451
	Kite Realty Group Trust	16,600		479,408
	Ramco-Gershenson Properties
	Trust @	10,500		204,015
	Retail Properties of America	7,900		134,300
	Urban Edge Properties	5,532		158,547
				2,251,640
Single Tenant REIT – 1.31%
	STORE Capital	39,800		1,179,274
				1,179,274
Specialty REITs – 1.11%
	GEO Group	50,000		1,002,000
				1,002,000
Telecommunications – 4.38%
	AT&T	49,200		2,011,296
	Century Communications @=†	500,000		0
	Verizon Communications	36,900		1,930,977
				3,942,273
Utilities – 2.47%
	American Water Works	2,900		214,571
	Edison International	27,600		2,007,072
				2,221,643
Total Common Stock
	(cost $63,823,760)			83,697,206
Convertible Preferred Stock – 1.90%
	A Schulman 6.00% exercise
	price $52.33, expiration
	date 12/31/49 @	72		51,025
	Bank of America 7.25%
	exercise price $50.00,
	expiration date 12/31/49	155		192,353
	Crown Castle International
	4.50% exercise price
	$85.77, expiration date
	11/1/16	2,000		225,420
	El Paso Energy Capital Trust I
	4.75% exercise price
	$50.00, expiration date
	3/31/28 @	5,250		272,947
	Exelon 6.50% exercise price
	$43.75, expiration date
	6/1/17	3,650		173,047
	Halcon Resources 5.75%
	exercise price $30.78,
	expiration date 12/31/49	92		4,232
	Huntington Bancshares
	8.50% exercise price
	$11.95, expiration date
	12/31/49 @	182		258,804
	Maiden Holdings 7.25%
	exercise price $15.05,
	expiration date 9/15/16	3,693		186,386
	Wells Fargo 7.50% exercise
	price $156.71, expiration
	date 12/31/49	259		350,297
Total Convertible Preferred
	Stock (cost $1,598,588)			1,714,511

2 NQ-DDF [8/16] 10/16 (17657)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Convertible Bonds – 7.20%
Brokerage – 0.30%
	Jefferies Group 3.875%
	exercise price $44.19,
	maturity date 11/1/29	267,000	$	271,839
				271,839
Communications – 1.18%
	Alaska Communications
	Systems Group 6.25%
	exercise price $10.28,
	maturity date 5/1/18 @	351,000		345,296
	Clearwire Communications
	144A 8.25% exercise price
	$7.08, maturity date
	12/1/40 #	385,000		402,566
	Liberty Interactive 144A
	1.00% exercise price
	$64.18, maturity date
	9/30/43 #	364,000		314,725
				1,062,587
Consumer Cyclical – 0.48%
	Huron Consulting Group
	1.25% exercise price
	$79.89, maturity date
	10/1/19	146,000		151,840
	Meritor 4.00% exercise price
	$26.73, maturity date
	2/15/27 ϕ	276,000		277,035
				428,875
Consumer Non-Cyclical – 1.48%
	Brookdale Senior Living
	2.75% exercise price
	$29.33, maturity date
	6/15/18	265,000		265,497
	HealthSouth 2.00% exercise
	price $37.59, maturity date
	12/1/43	188,000		222,427
	Hologic 2.00% exercise price
	$31.18, maturity date
	3/1/42 ϕ	101,000		138,054
	NuVasive 144A 2.25%
	exercise price $59.82,
	maturity date 3/15/21 #	72,000		90,495
	Spectrum Pharmaceuticals
	2.75% exercise price
	$10.53, maturity date
	12/15/18 @	283,000		262,836
	Vector Group
	1.75% exercise price
	$24.64, maturity date
	4/15/20 ●	223,000		249,621
	Vector Group
	2.50% exercise price
	$15.98, maturity date
	1/15/19 ●	72,000		103,895
				1,332,825
Energy – 0.15%
	Helix Energy Solutions Group
	3.25% exercise price
	$25.02, maturity date
	3/15/32	140,000		131,250
				131,250
Financials – 0.49%
	GAIN Capital Holdings
	4.125% exercise price
	$12.00, maturity date
	12/1/18 @	234,000		224,786
	New Mountain Finance
	5.00% exercise price
	$15.93, maturity date
	6/15/19 @	214,000		219,885
				444,671
Industrials – 0.28%
	Chart Industries 2.00%
	exercise price $69.03,
	maturity date 8/1/18 @	262,000		255,614
				255,614
REITs – 0.89%
	Blackstone Mortgage Trust
	5.25% exercise price
	$28.36, maturity date
	12/1/18	326,000		355,340
	Spirit Realty Capital 3.75%
	exercise price $13.10,
	maturity date 5/15/21 @	172,000		195,651
	VEREIT 3.75% exercise price
	$14.99, maturity date
	12/15/20 @	242,000		247,295
				798,286
Technology – 1.78%
	Cardtronics 1.00% exercise
	price $52.35, maturity date
	12/1/20	254,000		270,193
	Ciena 144A 3.75% exercise
	price $20.17, maturity date
	10/15/18 #	126,000		158,839

(continues)      NQ-DDF [8/16] 10/16 (17657) 3

Schedule of investments

Delaware Investments^® Dividend and Income Fund, Inc. (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Convertible Bonds (continued)
Technology (continued)
	Electronics For Imaging
	0.75% exercise price
	$52.72, maturity date
	9/1/19	192,000	$	208,200
	Intel 3.25% exercise price
	$21.18, maturity date
	8/1/39	130,000		227,582
	j2 Global 3.25% exercise
	price $69.08, maturity date
	6/15/29	140,000		166,425
	Knowles 144A 3.25%
	exercise price $18.43,
	maturity date 11/1/21 #	63,000		66,386
	Micron Technology 3.00%
	exercise price $29.16,
	maturity date 11/15/43	258,000		231,555
	PROS Holdings 2.00%
	exercise price $33.79,
	maturity date 12/1/19	280,000		269,500
				1,598,680
Transportation – 0.17%
	Atlas Air Worldwide Holdings
	2.25% exercise price
	$74.05, maturity date
	6/1/22	165,000		153,966
				153,966
Total Convertible Bonds
	(cost $6,149,523)			6,478,593
Corporate Bonds – 38.45%
Banking – 1.50%
	Credit Suisse Group 144A
	6.25% 12/29/49 #●	200,000		196,374
	JPMorgan Chase
	6.75% 1/29/49 ●	335,000		378,202
	Lloyds Banking Group
	7.50% 4/30/49 ●	330,000		336,188
	Popular 7.00% 7/1/19	230,000		238,625
	UBS Group
	6.875% 12/29/49 ●	200,000		199,369
				1,348,758
Basic Industry – 4.30%
	AerCap Global Aviation Trust
	144A 6.50% 6/15/45 #●	200,000		206,500
	AK Steel 7.625% 5/15/20	124,000		121,520
	ArcelorMittal 10.85% 6/1/19	130,000		155,675
	Boise Cascade 144A
	5.625% 9/1/24 #	195,000		199,875
	Builders FirstSource
	144A 5.625% 9/1/24 #	95,000		97,137
	144A 10.75% 8/15/23 #	270,000		307,800
	Cemex
	144A 7.25% 1/15/21 #	200,000		215,000
	144A 7.75% 4/16/26 #	200,000		227,000
	Chemours
	6.625% 5/15/23	100,000		96,500
	7.00% 5/15/25	58,000		55,789
	CVR Partners 144A
	9.25% 6/15/23 #	105,000		104,475
	FMG Resources August 2006
	Pty
	144A 6.875% 4/1/22 #	300,000		310,500
	144A 9.75% 3/1/22 #	35,000		40,600
	James Hardie International
	Finance 144A
	5.875% 2/15/23 #	200,000		209,500
	Joseph T Ryerson & Son 144A
	11.00% 5/15/22 #	80,000		88,200
	Kraton Polymers 144A
	10.50% 4/15/23 #	90,000		100,800
	NCI Building Systems 144A
	8.25% 1/15/23 #	155,000		170,500
	New Gold
	144A 6.25% 11/15/22 #	66,000		68,475
	144A 7.00% 4/15/20 #	70,000		72,450
	NOVA Chemicals 144A
	5.00% 5/1/25 #	130,000		134,550
	PQ 144A 6.75% 11/15/22 #	185,000		196,563
	Rayonier AM Products 144A
	5.50% 6/1/24 #	120,000		111,396
	Steel Dynamics
	5.50% 10/1/24	110,000		116,325
	Summit Materials
	6.125% 7/15/23	195,000		198,900
	144A 8.50% 4/15/22 #	60,000		65,850
	U.S. Concrete 6.375% 6/1/24	190,000		198,550
				3,870,430
Capital Goods – 3.22%
	Ardagh Packaging Finance
	144A 6.00% 6/30/21 #	200,000		207,000
	144A 7.25% 5/15/24 #	200,000		213,750
	Ball 5.25% 7/1/25	90,000		97,763
	BWAY Holding 144A
	9.125% 8/15/21 #	220,000		226,050
	Gardner Denver 144A
	6.875% 8/15/21 #	300,000		278,250

4 NQ-DDF [8/16] 10/16 (17657)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Capital Goods (continued)
	KLX 144A 5.875% 12/1/22 #	180,000	$	189,810
	Novelis 144A
	6.25% 8/15/24 #	235,000		245,575
	Plastipak Holdings 144A
	6.50% 10/1/21 #	185,000		193,325
	Reynolds Group Issuer
	8.25% 2/15/21	255,000		265,488
	Signode Industrial Group
	144A 6.375% 5/1/22 #	175,000		179,375
	StandardAero Aviation
	Holdings 144A
	10.00% 7/15/23 #	185,000		195,175
	TransDigm 144A
	6.375% 6/15/26 #	305,000		312,625
	Zekelman Industries 144A
	9.875% 6/15/23 #	275,000		294,937
				2,899,123
Communications – 2.63%
	CenturyLink
	6.75% 12/1/23	170,000		179,563
	7.50% 4/1/24	60,000		65,213
	Cogent Communications
	Finance 144A
	5.625% 4/15/21 #@	145,000		148,263
	CommScope Technologies
	Finance 144A
	6.00% 6/15/25 #	115,000		122,619
	DISH DBS
	5.875% 11/15/24	52,000		51,480
	144A 7.75% 7/1/26 #	215,000		229,940
	DISH Network 144A
	3.375% 8/15/26 #	123,000		128,919
	Frontier Communications
	10.50% 9/15/22	170,000		185,619
	11.00% 9/15/25	115,000		124,631
	Lamar Media 144A
	5.75% 2/1/26 #	167,000		181,195
	Level 3 Financing
	5.375% 1/15/24	20,000		21,025
	5.375% 5/1/25	160,000		168,600
	Liberty Media 144A
	2.25% 9/30/46 #	49,000		50,562
	Sprint 7.875% 9/15/23	125,000		122,124
	Sprint Communications
	144A 7.00% 3/1/20 #	85,000		91,587
	7.00% 8/15/20	136,000		134,640
	Virgin Media Secured Finance
	144A 5.25% 1/15/26 #	200,000		205,500
	Zayo Group 6.00% 4/1/23	145,000		151,525
				2,363,005
Consumer Cyclical – 2.07%
	American Builders &
	Contractors Supply 144A
	5.75% 12/15/23 #	100,000		106,000
	American Tire Distributors
	144A 10.25% 3/1/22 #	210,000		187,295
	Beacon Roofing Supply
	6.375% 10/1/23	135,000		145,800
	Boyd Gaming 144A
	6.375% 4/1/26 #	70,000		74,900
	Group 1 Automotive 144A
	5.25% 12/15/23 #	115,000		117,013
	JC Penney 8.125% 10/1/19	185,000		200,031
	L Brands
	6.75% 7/1/36	95,000		102,553
	6.875% 11/1/35	190,000		208,525
	M/I Homes 6.75% 1/15/21	185,000		194,250
	MGM Resorts International
	4.625% 9/1/26	70,000		69,650
	Mohegan Tribal Gaming
	Authority 9.75% 9/1/21	342,000		368,077
	Neiman Marcus Group 144A
	8.00% 10/15/21 #	105,000		90,373
				1,864,467
Consumer Non-Cyclical – 2.78%
	Albertsons 144A
	6.625% 6/15/24 #	185,000		199,079
	Dean Foods 144A
	6.50% 3/15/23 #	145,000		154,425
	Herc Rentals
	144A 7.50% 6/1/22 #	50,000		52,125
	144A 7.75% 6/1/24 #	135,000		141,413
	JBS USA 144A
	5.75% 6/15/25 #	255,000		260,100
	Kronos Acquisition Holdings
	144A 9.00% 8/15/23 #	265,000		276,925
	Mallinckrodt International
	Finance 144A
	5.50% 4/15/25 #	35,000		34,650
	NBTY 144A
	7.625% 5/15/21 #	275,000		281,875
	NES Rentals Holdings 144A
	7.875% 5/1/18 #	115,000		112,700
	Prestige Brands 144A
	5.375% 12/15/21 #	95,000		98,919

(continues)      NQ-DDF [8/16] 10/16 (17657) 5

Schedule of investments

Delaware Investments^® Dividend and Income Fund, Inc. (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Consumer Non-Cyclical (continued)
	Prime Security Services
	Borrower 144A
	9.25% 5/15/23 #	340,000	$	371,025
	Revlon Escrow 144A
	6.25% 8/1/24 #	105,000		109,463
	SUPERVALU 7.75% 11/15/22	90,000		85,500
	Team Health 144A
	7.25% 12/15/23 #	150,000		163,875
	US Foods 144A
	5.875% 6/15/24 #	155,000		163,137
				2,505,211
Energy – 4.32%
	Antero Resources
	5.375% 11/1/21	70,000		70,437
	5.625% 6/1/23	110,000		110,825
	6.00% 12/1/20	35,000		36,006
	Baytex Energy 144A
	5.625% 6/1/24 #	105,000		85,575
	Cheniere Corpus Christi
	Holdings 144A
	7.00% 6/30/24 #	100,000		107,500
	Continental Resources
	5.00% 9/15/22	100,000		97,250
	Energy Transfer Equity
	7.50% 10/15/20	115,000		126,500
	Freeport-McMoran Oil & Gas
	6.50% 11/15/20	200,000		201,500
	6.875% 2/15/23	90,000		87,975
	Genesis Energy
	5.75% 2/15/21	165,000		164,587
	6.00% 5/15/23	40,000		40,000
	6.75% 8/1/22	114,000		116,850
	Hilcorp Energy I
	144A 5.00% 12/1/24 #	97,000		94,575
	144A 5.75% 10/1/25 #	71,000		69,935
	Holly Energy Partners 144A
	6.00% 8/1/24 #	105,000		107,625
	Laredo Petroleum
	7.375% 5/1/22	200,000		203,000
	Murphy Oil 6.875% 8/15/24	180,000		188,464
	Murphy Oil USA
	6.00% 8/15/23	180,000		191,610
	Noble Holding International
	5.00% 3/16/18	100,000		98,575
	NuStar Logistics
	6.75% 2/1/21	165,000		176,137
	Oasis Petroleum
	6.875% 3/15/22	255,000		238,425
	QEP Resources
	5.25% 5/1/23	195,000		192,075
	Sabine Pass Liquefaction
	144A 5.875% 6/30/26 #	80,000		85,900
	Southwestern Energy
	6.70% 1/23/25	105,000		108,413
	Targa Resources Partners
	144A 6.75% 3/15/24 #	175,000		186,813
	6.875% 2/1/21	155,000		161,200
	Tesoro Logistics
	6.375% 5/1/24	145,000		155,513
	Transocean 5.05% 10/15/22	245,000		196,613
	WPX Energy 7.50% 8/1/20	180,000		185,737
				3,885,615
Financials – 0.69%
	Ally Financial
	5.75% 11/20/25	125,000		133,437
	Ares Capital 4.75% 1/15/18	151,000		157,040
	Blackhawk Network Holdings
	144A 1.50% 1/15/22 #	140,000		141,050
	E*TRADE Financial
	5.875% 12/29/49 ●	180,000		187,200
				618,727
Healthcare – 3.25%
	Community Health Systems
	6.875% 2/1/22	89,000		74,315
	DaVita HealthCare Partners
	5.00% 5/1/25	210,000		213,360
	HCA
	5.375% 2/1/25	280,000		288,750
	5.875% 2/15/26	100,000		105,875
	HealthSouth
	5.75% 11/1/24	195,000		203,190
	5.75% 9/15/25	90,000		94,613
	Hill-Rom Holdings 144A
	5.75% 9/1/23 #	180,000		189,900
	IASIS Healthcare
	8.375% 5/15/19	290,000		264,263
	Immucor 11.125% 8/15/19	40,000		37,800
	Kinetic Concepts
	10.50% 11/1/18	110,000		113,575
	12.50% 11/1/19	220,000		224,950
	Mallinckrodt International
	Finance
	4.75% 4/15/23	90,000		83,981
	144A 5.625% 10/15/23 #	115,000		116,006
	MPH Acquisition Holdings
	144A 7.125% 6/1/24 #	270,000		290,925

6 NQ-DDF [8/16] 10/16 (17657)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Healthcare (continued)
	Tenet Healthcare
	8.125% 4/1/22	270,000	$	274,725
	Valeant Pharmaceuticals
	International
	144A 5.375% 3/15/20 #	105,000		99,487
	144A 6.125% 4/15/25 #	90,000		79,313
	144A 6.75% 8/15/18 #	165,000		166,303
				2,921,331
Insurance – 0.67%
	HUB International
	144A 7.875% 10/1/21 #	215,000		220,375
	144A 9.25% 2/15/21 #	50,000		53,000
	USI 144A 7.75% 1/15/21 #	190,000		194,750
	XLIT 6.50% 10/29/49 ●	175,000		131,425
				599,550
Media – 3.80%
	CCO Holdings
	144A 5.375% 5/1/25 #	75,000		79,219
	144A 5.50% 5/1/26 #	30,000		31,837
	144A 5.75% 2/15/26 #	120,000		128,700
	144A 5.875% 5/1/27 #	145,000		155,513
	Cequel Communications
	Holdings I 144A
	7.75% 7/15/25 #	200,000		219,500
	Columbus Cable Barbados
	144A 7.375% 3/30/21 #	200,000		214,750
	CSC Holdings 5.25% 6/1/24	328,000		320,003
	Gray Television 144A
	5.875% 7/15/26 #	210,000		219,450
	Midcontinent
	Communications &
	Midcontinent Finance
	144A 6.875% 8/15/23 #	110,000		116,600
	Nexstar Escrow 144A
	5.625% 8/1/24 #	320,000		327,200
	RCN Telecom Services 144A
	8.50% 8/15/20 #	150,000		160,500
	SFR Group 144A
	7.375% 5/1/26 #	400,000		413,500
	Sirius XM Radio 144A
	5.375% 4/15/25 #	175,000		183,750
	Tribune Media
	5.875% 7/15/22	200,000		205,500
	Unitymedia 144A
	6.125% 1/15/25 #	200,000		215,500
	VTR Finance 144A
	6.875% 1/15/24 #	200,000		210,440
	WideOpenWest Finance
	10.25% 7/15/19	210,000		222,075
				3,424,037
Services – 3.82%
	Air Medical Merger Sub 144A
	6.375% 5/15/23 #	280,000		275,100
	BlueLine Rental Finance 144A
	7.00% 2/1/19 #	185,000		160,950
	Boyd Gaming
	6.875% 5/15/23	240,000		260,400
	Communications Sales &
	Leasing
	144A 6.00% 4/15/23 #	75,000		78,187
	8.25% 10/15/23	80,000		83,800
	ESH Hospitality 144A
	5.25% 5/1/25 #	265,000		266,243
	GEO Group
	5.125% 4/1/23	80,000		71,800
	5.875% 1/15/22	500,000		475,000
	5.875% 10/15/24	100,000		90,500
	6.00% 4/15/26	130,000		117,163
	GFL Environmental 144A
	9.875% 2/1/21 #	115,000		125,925
	Golden Nugget Escrow 144A
	8.50% 12/1/21 #	55,000		57,750
	Iron Mountain U.S. Holdings
	144A 5.375% 6/1/26 #	195,000		199,631
	Mattamy Group 144A
	6.50% 11/15/20 #	130,000		129,025
	OPE KAG Finance Sub 144A
	7.875% 7/31/23 #	155,000		148,025
	Penske Automotive Group
	5.50% 5/15/26	185,000		185,577
	Scientific Games
	8.125% 9/15/18	95,000		95,594
	Scientific Games International
	10.00% 12/1/22	110,000		102,300
	United Rentals North America
	5.75% 11/15/24	180,000		189,000
	Vander Intermediate Holding
	II 144A PIK 9.75%
	2/1/19 #❆	84,200		45,468
	XPO Logistics
	144A 6.125% 9/1/23 #	70,000		72,100
	144A 6.50% 6/15/22 #	200,000		208,750
				3,438,288
Technology – 2.14%
	Diamond 1 Finance 144A PIK
	8.10% 7/15/36 #❆	145,000		168,878

(continues)      NQ-DDF [8/16] 10/16 (17657) 7

Schedule of investments

Delaware Investments^® Dividend and Income Fund, Inc. (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Technology (continued)
	First Data 144A
	7.00% 12/1/23 #	461,000	$	484,626
	Infor U.S. 6.50% 5/15/22	240,000		244,500
	Micron Technology 144A
	7.50% 9/15/23 #	85,000		93,925
	Microsemi 144A
	9.125% 4/15/23 #	200,000		230,000
	Sensata Technologies UK
	Financing 144A
	6.25% 2/15/26 #	200,000		220,250
	Solera 144A
	10.50% 3/1/24 #	120,000		133,500
	Verint Systems 1.50% 6/1/21	302,000		281,615
	Western Digital 144A
	10.50% 4/1/24 #	65,000		73,613
				1,930,907
Technology & Electronics – 0.28%
	CommScope 144A
	5.50% 6/15/24 #	70,000		73,763
	Entegris 144A
	6.00% 4/1/22 #	140,000		146,125
	Infor Software Parent 144A
	PIK 7.125% 5/1/21 #❆	35,000		32,987
				252,875
Telecommunications – 1.33%
	Cogent Communications
	Group 144A
	5.375% 3/1/22 #	60,000		62,100
	Digicel 144A 6.75% 3/1/23 #	200,000		183,500
	Digicel Group 144A
	8.25% 9/30/20 #	221,000		201,110
	Sprint 7.125% 6/15/24	170,000		159,375
	T-Mobile USA
	6.00% 3/1/23	100,000		106,379
	6.00% 4/15/24	40,000		42,700
	6.375% 3/1/25	75,000		80,906
	6.50% 1/15/26	140,000		153,737
	Wind Acquisition Finance
	144A 7.375% 4/23/21 #	200,000		206,500
				1,196,307
Utilities – 1.65%
	AES
	5.50% 4/15/25	160,000		164,870
	6.00% 5/15/26	25,000		26,563
	AmeriGas Partners
	5.875% 8/20/26	240,000		258,000
	Calpine
	5.50% 2/1/24	100,000		100,250
	Calpine
	5.75% 1/15/25	250,000		250,000
	Dynegy
	7.375% 11/1/22	15,000		14,887
	7.625% 11/1/24	250,000		246,250
	Emera 6.75% 6/15/76 ●	180,000		194,984
	Enel 144A
	8.75% 9/24/73 #●	200,000		234,000
				1,489,804
Total Corporate Bonds
	(cost $33,510,125)			34,608,435
Senior Secured Loans – 2.50%«
	Accudyne Industries Borrower
	1st Lien 4.00% 12/13/19	204,636		182,637
	Amaya Holdings 1st Lien
	5.00% 8/1/21	169,146		167,677
	Applied Systems Tranche 2nd
	Lien 7.50% 1/23/22 @	275,854		277,578
	BJ’s Wholesale Club 2nd Lien
	8.50% 3/31/20	196,062		196,960
	Blue Ribbon Tranche 1st Lien
	5.00% 11/13/21	75,750		76,081
	Chesapeake Energy Tranche
	1st Lien 8.50% 8/23/21	75,000		77,328
	Flint Group 2nd Lien
	8.25% 9/7/22 @	175,000		165,375
	FMG Resources August 2006
	Pty 1st Lien
	3.75% 6/30/19	189,442		188,478
	Frank Russell Tranche B 1st
	Lien 6.75% 6/1/23	108,000		101,858
	Immucor 5.00% 8/17/18	154,599		150,734
	KIK Custom Products 1st Lien
	6.00% 8/26/22 @	124,162		124,084
	KRATON Polymers Tranche B
	1st Lien 6.00% 1/6/22	35,000		35,003
	Mohegan Tribal Gaming
	Authority Tranche B
	5.50% 6/15/18	119,370		119,501
	Neiman Marcus Group
	Tranche 1st Lien
	4.25% 10/25/20	49,872		46,908
	Solera Tranche B 1st Lien
	5.75% 3/3/23	64,838		65,349
	Stardust Finance Holdings
	Tranche 2nd Lien
	10.50% 3/13/23	90,000		89,550

8 NQ-DDF [8/16] 10/16 (17657)

(Unaudited)

		Principal		Value
		amount°		(U.S. $)
Senior Secured Loans« (continued)
	Stardust Finance Holdings
	Tranche B 1st Lien
	6.50% 3/13/22 @	93,997		$	93,527
	Windstream Services Tranche
	B6 1st Lien
	5.75% 3/29/21	89,775			90,561
Total Senior Secured Loans
	(cost $2,208,560)				2,249,189
		Number of shares
Master Limited Partnership – 0.75%
	Ares Management	15,100			276,028
	Brookfield Infrastructure
	Partners	8,400			402,696
Total Master Limited
	Partnership (cost $479,230)				678,724
Preferred Stock – 0.94%
	Bank of America 6.50% ●	220,000			240,097
	GMAC Capital Trust I
	6.602% ●	8,000			202,080
	Morgan Stanley 5.55% ●	185,000			189,856
	Northstar Realty Finance
	8.50%	8,300			211,733
Total Preferred Stock
	(cost $787,516)				843,766
Warrant – 0.00%
	Wheeler Real Estate
	Investment Trust strike
	price $5.50, expiration
	date 4/29/19 @†	7,872			708
Total Warrant (cost $65)					708
		Principal
		amount°
Short-Term Investments – 0.41%
Discount Notes – 0.23%≠
	Federal Home Loan Bank
	0.315% 11/1/16	167,123			167,038
	0.335% 9/19/16	9,807			9,806
	0.39% 9/23/16	14,917			14,915
	0.391% 9/21/16	12,229			12,227
					203,986
U.S. Treasury Obligation – 0.18%≠
	U.S. Treasury Bill
	0.256% 11/3/16	167,123			167,045
					167,045
Total Short-Term
	Investments
	(cost $371,028)				371,031
Total Value of
	Securities – 145.14%
	(cost $108,928,395)				130,642,163
		Number of
		contracts
Options Written – (0.04%)
Equity Call Options – (0.04%)
	GEO Group Strick price
	$22.50, expiration date
	9/16/16 (MSC)	(500	)		(12,500	)
	JC Penney Strick Price $9.50,
	expiration date 9/16/16
	(MSC)	(1,000	)		(27,000	)
Total Options Written
	(premium received $(96,082))				(39,500	)
Borrowing Under Line of
	Credit – (44.44%)				(40,000,000	)
Liabilities Net of
	Receivables and Other
	Assets – (0.66%)				(591,438	)
Net Assets Applicable to
	8,092,798 Shares
	Outstanding – 100.00%			$	90,011,225

___________________

#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Aug. 31, 2016, the aggregate value of Rule 144A securities was $20,641,369,which represents 22.93% of the Fund’s net assets.
@	Illiquid security. At Aug. 31, 2016, the aggregate value of illiquid securities was $9,788,652, which represents 10.87% of the Fund’s net assets.
❆	100% of the income received was in the form of cash.
=	Security is being fair valued in accordance with the Fund’s fair valuation policy. At Aug. 31, 2016, the aggregate value of fair valued securities was $0, which represents 0.00% of the Fund’s net assets.
≠	The rate shown is the effective yield at the time of purchase.
«	Senior secured loans generally pay interest at rates which are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally: (i) the prime rate offered by one or more U.S. banks, (ii) the lending rate offered by one or more European banks such as the London Interbank Offered Rate (LIBOR), and (iii) the certificate of deposit rate. Senior secured loans may be subject to restrictions on resale. Stated rate in effect at Aug. 31, 2016.

(continues)      NQ-DDF [8/16] 10/16 (17657) 9

Schedule of investments

Delaware Investments^® Dividend and Income Fund, Inc. (Unaudited)

°	Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency.
†	Non-income-producing security.
●	Variable rate security. The rate shown is the rate as of Aug. 31, 2016. Interest rates reset periodically.
ϕ	Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect atAug. 31, 2016.

Summary of abbreviations:
MSC – Morgan Stanley Capital
PIK – Payment-in-kind
REIT – Real Estate Investment Trust

10 NQ-DDF [8/16] 10/16 (17657)

Notes

Delaware Investments^® Dividend and Income Fund, Inc.
August 31, 2016 (Unaudited)

1. Significant Accounting Policies

The following accounting policies are in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistently followed by Delaware Investments^® Dividend and Income Fund, Inc. (Fund). This report covers the period of time since the Fund’s last fiscal year end.

Security Valuation — Equity securities and Exchange-Traded Funds (ETFs), except those traded on the Nasdaq Stock Market LLC (Nasdaq), are valued at the last quoted sales price as of the time of the regular close of the New York Stock Exchange on the valuation date. Equity securities and ETFs traded on the Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sales price. If, on a particular day, an equity security or ETF does not trade, the mean between the bid and ask prices will be used, which approximates fair value. Equity securities listed on a foreign exchange are normally valued at the last quoted sales price on the valuation date. U.S. government and agency securities are valued at the mean between the bid and ask prices, which approximates fair value. Open-end investment company securities are valued at net asset value (NAV) per share, as reported by the underlying investment company. Debt securities are valued based upon valuations provided by an independent pricing service and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. Valuations for fixed income securities utilize matrix systems, which reflect such factors as security prices, yields, maturities, and ratings, and are supplemented by dealer and exchange quotations. Exchange-traded options are valued at the last reported sale price or, if no sales are reported, at the mean between the last reported bid and ask prices, which approximates fair value. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund’s Board of Directors (Board). In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. The Fund may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occured in the interim. Whenever such a significant event occurs, the Fund may value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing).

2. Investments

At Aug. 31, 2016, the cost of investments for federal income tax purposes has been estimated since final tax characteristics cannot be determined until fiscal year end. At Aug. 31, 2016, the cost and unrealized appreciation (depreciation) of investments were as follows:

Cost of investments	$	108,928,395
Aggregate unrealized appreciation of investments	$	25,354,282
Aggregate unrealized depreciation of investments		(3,640,514	)
Net unrealized appreciation of investments	$	21,713,768

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three-level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances. The Fund’s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-level hierarchy of inputs is summarized below.

Level 1 –	inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)
Level 2 –	other observable inputs, including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates), or other market-corroborated inputs. (Examples: debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)
Level 3 –	Significant unobservable inputs, including the Fund’s own assumptions used to determine the fair value of investments. (Examples: broker-quoted securities, fair valued securities)

(continues)      NQ-DDF [8/16] 10/16 (17657) 11

(Unaudited)

2. Investments (continued)

Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity, and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of Aug. 31, 2016:

Securities	Level 1			Level 2		Level 3			Total
Common Stock	$	83,697,206		$	—		$	—	$	83,697,206
Convertible Preferred Stock1		1,659,254			55,257			—		1,714,511
Convertible Bond		—			6,478,593			—		6,478,593
Corporate Debt		—			34,608,435			—		34,608,435
Senior Secured Loans		—			2,249,189			—		2,249,189
Master Limited Partnership		678,724			—			—		678,724
Preferred Stock1		413,813			429,953			—		843,766
Warrant		708			—			—		708
Short-Term Investments		—			371,031			—		371,031
Total Value of Securities	$	86,449,705		$	44,192,458		$	—	$	130,642,163
Option Written	$	(39,500	)	$	—		$	—	$	(39,500	)

The securities that have been valued at zero on the “Schedule of investments” are considered to be Level 3 investments in this table.

¹Security type is valued across multiple levels. Level 1 investments represent exchange-traded investments, Level 2 investments represent investments with observable inputs or matrix-priced instruments, and Level 3 investments represent investments without observable inputs. The amounts attributed to Level 1 investments, Level 2 investments, and Level 3 investments represent the following percentages of the total market value of these security types:

	Level 1	Level 2	Level 3	Total
Convertible Preferred Stock	96.78%	3.22%	—	100.00%
Preferred Stock	49.04%	50.96%	—	100.00%

During the period ended Aug. 31, 2016, there were no transfers between Level 1 investments, Level 2 investments, or Level 3 investments that had a significant impact to the Fund. This does not include transfers between Level 1 investments and Level 2 investments due to the Fund utilizing international fair value pricing during the period. In accordance with the fair valuation procedures described in Note 1, international fair value pricing of securities in the Fund occurs when market volatility exceeds an established rolling threshold. If the threshold is exceeded on a given date, then prices of international securities (those that traded on exchanges that close at a different time than the time that the Fund’s NAV is determined) are established using a separate pricing feed from a third party vendor designed to establish a price for each such security as of the time that the Fund’s NAV is determined. Further, international fair value pricing uses other observable market-based inputs in place of the closing exchange price due to the events occuring after the close of the exchange or market on which the investment is principally traded, causing a change in classification between levels. The Fund’s policy is to recognized transfers between levels at the beginning of the reporting period.

12 NQ-DDF [8/16] 10/16 (17657)

(Unaudited)

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning, interim, or end of the period in relation to net assets. Management has determined not to provide additional disclosure on Level 3 inputs since the Level 3 investments are not considered significant to the Fund’s net assets at the end of the period.

3. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to Aug. 31, 2016 that would require recognition or disclosure in the Fund’s ”Schedule of investments.“

NQ-DDF [8/16] 10/16 (17657) 13

Item 2. Controls and Procedures.

The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below:

EX-99.CERT

CERTIFICATION

I, Shawn K. Lytle, certify that:

1.	I have reviewed this report on Form N-Q of Delaware Investments® Dividend and Income Fund, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ SHAWN K. LYTLE
By:	Shawn K. Lytle
Title:	President and Chief Executive Officer
Date:	October 26, 2016

CERTIFICATION

I, Richard Salus, certify that:

1.	I have reviewed this report on Form N-Q of Delaware Investments® Dividend and Income Fund, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ RICHARD SALUS
By:	Richard Salus
Title:	Chief Financial Officer
Date:	October 26, 2016

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DELAWARE INVESTMENTS^® DIVIDEND AND INCOME FUND, INC.

/s/ SHAWN K. LYTLE
By:	Shawn K. Lytle
Title:	President and Chief Executive Officer
Date:	October 26, 2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/ SHAWN K. LYTLE
By:	Shawn K. Lytle
Title:	President and Chief Executive Officer
Date:	October 26, 2016
/s/ RICHARD SALUS
By:	Richard Salus
Title:	Chief Financial Officer
Date:	October 26, 2016