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DNP Select Income Fund Inc. - DNP STOCK NEWS

Welcome to our dedicated page for DNP Select Income Fund news (Ticker: DNP), a resource for investors and traders seeking the latest updates and insights on DNP Select Income Fund stock.

DNP Select Income Fund Inc. (symbol: DNP) is a closed-ended investment management fund dedicated to providing current income and long-term growth of income, with a secondary objective of capital appreciation. The fund primarily invests in the public utility industry, leveraging its strategic position to deliver consistent returns to its investors.

Managed by Duff & Phelps Investment Management Co., a reputable Chicago-based SEC-registered investment advisor founded in 1932, DNP Select Income Fund Inc. benefits from over 30 years of expertise in managing institutional separate accounts and both open- and closed-end funds. This management team has a proven track record, highlighted by the receipt of 20 Lipper Awards for top performance in peer comparisons.

DNP Select Income Fund Inc. focuses on key sectors such as global utilities, global infrastructure, global real estate, investment-grade fixed income, and large-cap equities. This diversified approach ensures the fund is well-positioned to achieve its investment objectives in various market conditions.

In recent developments, DNP Select Income Fund Inc. continues to deliver strong financial performance, maintaining robust partnerships and consistently launching new projects that align with its core objectives. Investors can stay updated with the latest news and performance metrics directly from the fund's periodic reports and official announcements.

As a wholly-owned subsidiary of Virtus Investment Partners (Nasdaq: VRTS), DNP Select Income Fund Inc. benefits from the operational support and strategic guidance of a publicly traded parent company, further enhancing its capability to meet and exceed investor expectations.

News

DNP Select Income Fund Announces Dividends and Sources of Distribution

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DNP Select Income Fund Inc. (DNP) announces dividends on common stock and its Managed Distribution Plan. The fund maintains a 6.5 cent per share distribution rate, distributing all available investment income to shareholders. Dividends are set for April, May, and June 2024. The fund also discloses distribution sources and cumulative distributions for the fiscal year.
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DNP SELECT INCOME FUND INC. Section 19(a) Notice

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The press release announces the distribution sources and amounts for February 2024, with a distribution per share of $0.065. The distribution includes net investment income, long-term capital gains, and return of capital. The fiscal YTD distributions sum up to $0.260 per share. The Fund's 5-year average total return on NAV is 5.34%, with a current distribution rate of 9.81% of NAV.
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DNP Select Income Fund Inc. Section 19(a) Notice

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DNP announces distribution amounts for January 2024, highlighting sources and percentages. The distribution per share of common stock is $0.065, with breakdowns from various sources like Net Investment Income, Long-Term Capital Gains, and Return of Capital. The average annual total return on NAV for the past 5 years is 5.34%, with an annualized current distribution rate of 9.81%. Cumulative total return on NAV for the fiscal year-to-date is 8.23%.
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DNP Select Income Fund Inc. Section 19(a) Notice

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XYZ Corporation (XYZ) announces a distribution of $0.065 per share of common stock payable on January 10, 2024, to shareholders of record on December 29, 2023. The distribution is sourced from net investment income, net realized long-term capital gains, and return of capital. The annualized current distribution rate is 9.81% of net asset value (NAV), and the average annual total return on NAV for the past 5 years is 5.34%. The cumulative fiscal year-to-date distributions amount to $0.130 per share, representing 100% of the total distribution.
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DNP Select Income Fund Announces Dividends and Sources of Distribution

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DNP Select Income Fund Inc. (NYSE: DNP) has authorized the payment of dividends on its common stock at a rate of 6.5 cents per share. The Fund has a Managed Distribution Plan to maintain this distribution rate, ensuring all available investment income is distributed to shareholders. If necessary, long-term capital gains and/or return of capital will be distributed to maintain the 6.5 cent per share level. The Fund's current monthly distribution for November 2023 is $0.065 per share, with 36% from net investment income, 1% from net realized short-term capital gains, 61% from net realized long-term capital gains, and 2% from return of capital. The average annual total return on NAV for the past 5 years is 5.97%, with an annualized current distribution rate of 9.81%. However, the cumulative total return on NAV for the fiscal year to date is -0.98%, with cumulative fiscal year distributions as a percentage of NAV at 8.18%.
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DNP SELECT INCOME FUND INC. Section 19(a) Notice

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Chicago-based company XYZ Inc. (XYZ) announces the sources of distribution for November 2023, with an estimated distribution amount of $0.065 per share of common stock. The distribution is payable on December 11, 2023, to shareholders of record as of November 30, 2023. The sources of distribution include net investment income, net realized short-term and long-term capital gains, and return of capital. The company also provides information on the average annual total return, annualized current distribution rate, and cumulative total return on net asset value (NAV) for the fiscal year-to-date.
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DNP SELECT INCOME FUND INC. Section 19(a) Notice

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CHICAGO Notification of Sources of Distribution for October 2023 reveals a distribution amount of $0.065 per share of common stock, with details on the sources of the distribution and cumulative distributions paid this fiscal year-to-date. The distribution is based on U.S. generally accepted accounting principles and includes net investment income, net realized short-term and long-term capital gains, and return of capital. The fund also provides information on average annual total return, annualized current distribution rate, cumulative total return, and cumulative fiscal year-to-date distributions as a percentage of NAV.
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DNP SELECT INCOME FUND INC. Section 19(a) Notice

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DNP Select Income Fund announces sources of distribution for September 2023
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DNP Select Income Fund Announces Dividends and Sources of Distribution

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DNP Select Income Fund Inc. authorizes dividends on common stock. Distribution rate maintained at 6.5 cents per share. Estimated distribution amounts for August 2023: Net Investment Income - $0.012 per share (19%), Net Realized Long-Term Capital Gains - $0.053 per share (81%), Return of Capital - $0.162 per share (25%). Average annual total return on NAV for the 5 years ended May 31, 2023, is 7.27%. Annualized current distribution rate as a percentage of NAV is 9.52%. Cumulative total return on NAV for the fiscal YTD is -0.29%. Cumulative fiscal year distributions as a percentage of NAV is 5.55%.
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DNP Select Income Fund Inc. Section 19(a) Notice

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DNP Select Income Fund Inc. (NYSE: DNP) announces a distribution of $0.065 per share of common stock payable on September 11, 2023. The distribution consists of 19% net investment income and 81% net realized long-term capital gains. The Fund's average annual total return on NAV for the past 5 years is 7.27%. The annualized current distribution rate is 9.52%. The cumulative total return on NAV for the fiscal YTD is -0.29%.
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FAQ

What is the current stock price of DNP Select Income Fund (DNP)?

The current stock price of DNP Select Income Fund (DNP) is $9.33 as of November 18, 2024.

What is the market cap of DNP Select Income Fund (DNP)?

The market cap of DNP Select Income Fund (DNP) is approximately 3.4B.

What is the main objective of DNP Select Income Fund Inc.?

The main objective is to provide current income and long-term growth of income, with a secondary focus on capital appreciation.

Which industry does DNP Select Income Fund Inc. primarily invest in?

DNP Select Income Fund Inc. primarily invests in the public utility industry.

Who manages DNP Select Income Fund Inc.?

The fund is managed by Duff & Phelps Investment Management Co., a Chicago-based SEC-registered investment advisor.

What are some key sectors DNP Select Income Fund Inc. invests in?

The fund invests in global utilities, global infrastructure, global real estate, investment-grade fixed income, and large-cap equities.

What is Duff & Phelps Investment Management Co.'s history?

Founded in 1932 as an investment research firm, Duff & Phelps has over 30 years of experience in managing investment portfolios for institutional separate accounts and both open- and closed-end funds.

How is DNP Select Income Fund Inc. related to Virtus Investment Partners?

DNP Select Income Fund Inc. is a wholly-owned subsidiary of Virtus Investment Partners, a publicly traded company on Nasdaq (VRTS).

What awards has Duff & Phelps Investment Management Co. received?

Duff & Phelps has received 20 Lipper Awards for top performance in peer comparisons.

Where can I find the latest news about DNP Select Income Fund Inc.?

The latest news and performance updates can be found in the fund's periodic reports and official announcements.

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DNP Select Income Fund Inc.

NYSE:DNP

DNP Rankings

#1565 Ranked by Market Cap
#277 Ranked by Dividends

DNP Stock Data

3.43B
363.10M
0%
9%
0.01%
Asset Management
Financial Services
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United States of America
Chicago