DNP Select Income Fund Announces Dividends and Sources of Distribution
DNP Select Income Fund has announced its monthly dividend schedule for early 2025, maintaining its 6.5 cents per share distribution rate. The dividends will be paid on February 10, March 10, and April 10, 2025. Under its Managed Distribution Plan, the November 2024 distribution of $0.065 comprised 43% from net investment income ($0.028) and 57% from net realized long-term capital gains ($0.037).
The Fund reported an average annual total return on NAV of 6.06% for the five years ended August 31, 2024, with an annualized current distribution rate of 8.59% of NAV. The cumulative total return on NAV for the fiscal YTD stands at 28.21%, with fiscal year distributions at 7.15% of NAV.
Il DNP Select Income Fund ha annunciato il suo programma di dividendi mensili per l'inizio del 2025, mantenendo il suo tasso di distribuzione di 6,5 centesimi per azione. I dividendi saranno pagati il 10 febbraio, il 10 marzo e il 10 aprile 2025. Nell'ambito del suo Piano di Distribuzione Gestita, la distribuzione di novembre 2024 di $0,065 è composta per il 43% da reddito netto da investimenti ($0,028) e per il 57% da guadagni in conto capitale di lungo termine realizzati ($0,037).
Il Fondo ha riportato un ritorno totale annuale medio sul NAV del 6,06% per gli ultimi cinque anni terminati il 31 agosto 2024, con un tasso di distribuzione attuale annualizzato dell'8,59% del NAV. Il ritorno totale cumulativo sul NAV per l'anno fiscale fino ad oggi è del 28,21%, con distribuzioni per l'anno fiscale pari al 7,15% del NAV.
El DNP Select Income Fund ha anunciado su calendario de dividendos mensual para principios de 2025, manteniendo su tasa de distribución de 6.5 centavos por acción. Los dividendos se pagarán el 10 de febrero, el 10 de marzo y el 10 de abril de 2025. Bajo su Plan de Distribución Gestionada, la distribución de noviembre de 2024 de $0.065 consistió en un 43% de ingresos netos de inversiones ($0.028) y un 57% de ganancias netas de capital a largo plazo realizadas ($0.037).
El Fondo informó un retorno total anual promedio sobre el NAV del 6.06% para los cinco años que terminaron el 31 de agosto de 2024, con un tasa de distribución actual anualizada del 8.59% del NAV. El retorno total acumulado sobre el NAV para el año fiscal hasta la fecha es del 28.21%, con distribuciones del año fiscal que representan el 7.15% del NAV.
DNP 셀렉트 인컴 펀드는 2025년 초의 월 배당금 일정을 발표하며 주당 6.5센트의 배당률을 유지한다고 밝혔다. 배당금은 2025년 2월 10일, 3월 10일 및 4월 10일에 지급될 예정이다. 관리 배급 계획에 따라, 2024년 11월 배급액 $0.065의 43%는 순 투자 소득 ($0.028)에서, 57%는 순 실현 장기 자본 이익 ($0.037)에서 발생했다.
펀드는 2024년 8월 31일로 종료된 5년 동안 NAV에 대한 평균 연간 총수익률 6.06%를 기록했으며, NAV의 연간화된 현재 배당률 8.59%를 나타냈다. 회계연도 초부터 현재까지의 NAV에 대한 누적 총 수익률은 28.21%이며, 회계연도 분배는 NAV의 7.15%에 해당한다.
Le DNP Select Income Fund a annoncé son calendrier de dividendes mensuels pour début 2025, maintenant son taux de distribution de 6,5 cents par action. Les dividendes seront payés le 10 février, le 10 mars et le 10 avril 2025. Dans le cadre de son Plan de Distribution Géré, la distribution de novembre 2024 de 0,065 $ était composée à 43 % de revenus nets des investissements (0,028 $) et à 57 % de gains en capital longs nets réalisés (0,037 $).
Le Fonds a déclaré un rendement total annuel moyen sur la NAV de 6,06% pour les cinq années se terminant le 31 août 2024, avec un taux de distribution actuel annualisé de 8,59% de la NAV. Le rendement total cumulé sur la NAV pour l'année fiscale en cours s'élève à 28,21 %, les distributions pour l'année fiscale étant de 7,15 % de la NAV.
Der DNP Select Income Fund hat seinen monatlichen Dividendenzeitraum für Anfang 2025 angekündigt und bleibt bei seiner Verteilung von 6,5 Cent pro Aktie. Die Dividenden werden am 10. Februar, 10. März und 10. April 2025 ausgezahlt. Im Rahmen seines verwalteten Verteilungsplans belief sich die Ausschüttung im November 2024 von 0,065 $ auf 43 % aus Nettoanlageerträgen (0,028 $) und 57 % aus realisierten langfristigen Kapitalgewinnen (0,037 $).
Der Fonds berichtete eine durchschnittliche jährliche Gesamtrendite auf das NAV von 6,06% für die fünf Jahre bis zum 31. August 2024, mit einer annualisierten aktuellen Ausschüttungsquote von 8,59% des NAV. Die kumulierte Gesamtrendite auf das NAV für das laufende Geschäftsjahr beträgt 28,21 %, während die Ausschüttungen für das Geschäftsjahr 7,15 % des NAV ausmachen.
- Consistent monthly dividend payment of 6.5 cents per share
- Strong fiscal YTD return of 28.21% on NAV
- High annualized distribution rate of 8.59% of NAV
- No return of capital in current distribution, indicating quality of earnings
- Average 5-year return of 6.06% is relatively modest
Cents Per Share |
Ex-Dividend Date |
Record Date |
Payable Date |
6.5 |
January 31, 2025 |
January 31, 2025 |
February 10, 2025 |
6.5 |
February 28, 2025 |
February 28, 2025 |
March 10, 2025 |
6.5 |
March 31, 2025 |
March 31, 2025 |
April 10, 2025 |
The Fund adopted a Managed Distribution Plan (the “Plan”) in 2007 to maintain its current
The following table sets forth the estimated amounts of the Fund’s current monthly distribution, paid on December 10, 2024, together with the cumulative distributions paid this fiscal year to date from the following sources. The fiscal year is from November 1, 2024 to October 31, 2025. All amounts are expressed per share of common stock based on
Notification of Sources of Distribution
Distribution Period: November 2024
Distribution Amount Per Share of Common Stock:
Distribution Estimates |
November 2024 |
Fiscal YTD |
||
|
Per Share
|
% of Current
|
Per Share
|
% of
|
Net Investment Income |
|
|
|
|
Net Realized Short-Term Capital Gains |
- |
- |
- |
- |
Net Realized Long-Term Capital Gains |
0.037 |
|
0.037 |
|
Return of Capital (or Other Capital Source) |
- |
- |
- |
- |
Total (per common share) |
|
|
|
|
August 31, 2024 |
|
Average annual total return* on NAV for the 5 years ended |
|
Annualized current distribution rate as a percentage of NAV |
|
Cumulative total return on NAV for the fiscal YTD |
|
Cumulative fiscal year distributions as a percentage of NAV |
|
* Simple arithmetic average of each of the past five annual returns. |
|
You should not necessarily draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Fund’s Plan.
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available.
About the Fund
DNP Select Income Fund Inc. is a closed-end diversified investment management company whose primary investment objectives are current income and long-term growth of income. The fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. For more information, please visit dpimc.com/dnp or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps Investment Management Co,. an affiliated manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include
View source version on businesswire.com: https://www.businesswire.com/news/home/20241216175861/en/
Dianna P. Wengler, Donny C. Overton or Clayton J. Minor, (833) 604-3163
Source: DNP Select Income Fund Inc.
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