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 declared a dividend of 6.5 cents per share, to be paid on February 10, 2023, with an ex-dividend date of January 30, 2023. This follows a managed distribution plan implemented in 2007, allowing the fund to maintain its distribution rate even if investment income is inadequate, sourcing from capital gains or return of capital as needed. The fund reported 9.01% annualized current distribution rate based on NAV and a cumulative total return on NAV of -0.63% for the fiscal year to date.
The DNP Select Income Fund (NYSE: DNP) has announced a dividend of 6.5 cents per share, payable on multiple dates, starting from November 10, 2022. This payment is part of the fund's Managed Distribution Plan adopted in 2007, aimed at maintaining its distribution rate. The total cumulative distribution for the fiscal year is estimated at $0.650 per share. The fund's investment returns show an annualized rate of 7.80% based on NAV, demonstrating a commitment to delivering income and long-term growth.
The Board of Directors of DNP Select Income Fund has announced dividends for its common stock, set at 6.5 cents per share. The ex-dividend date is July 28, 2022, with record and payable dates on July 29 and August 10, 2022 respectively. This distribution rate is maintained under a Managed Distribution Plan, initiated in 2007, to ensure steady shareholder income. Notably, the fund plans to distribute available investment income, including long-term capital gains if necessary. The cumulative fiscal year distribution rate stands at 3.92%.
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