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.
The Board of Directors of DNP Select Income Fund (NYSE: DNP) has authorized dividends of 6.5 cents per share on multiple dates: April 10, 2023, June 12, 2023, and July 10, 2023. This continues the Managed Distribution Plan initiated in 2007, aimed at stabilizing dividend payments by distributing all available investment income. The Fund reported a fiscal year-to-date cumulative distribution of
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