Welcome to our dedicated page for DNP Select Income news (Ticker: DNP), a resource for investors and traders seeking the latest updates and insights on DNP Select Income stock.
DNP Select Income Fund Inc. (NYSE: DNP) is a closed-end diversified investment management company that regularly issues detailed public updates about its distributions and portfolio approach. The fund’s primary investment objectives are current income and long-term growth of income, with capital appreciation as a secondary objective, and it invests primarily in equity and fixed income securities of companies in the public utilities industry.
The news flow for DNP often centers on Board-authorized dividends and the operation of its managed distribution plan. Announcements commonly include the per-share distribution amount, ex-date, record date, and payable date for upcoming monthly dividends on its common stock. These releases explain how the fund seeks to distribute all available investment income consistent with its income-focused objectives.
Another recurring theme in DNP’s news is the issuance of Section 19(a) notices that disclose the estimated sources of each distribution. These notices break distributions into net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital (or other capital source), and also provide cumulative fiscal year-to-date data prepared under U.S. generally accepted accounting principles.
In its communications, the fund emphasizes that investors should not draw conclusions about investment performance solely from the amount of distributions or from the terms of the managed distribution plan. It also notes that distribution source figures are estimates and may differ from final tax reporting, which is provided later via Form 1099-DIV. This news page allows readers to follow DNP’s ongoing distribution announcements and related explanatory notices in one place.
DNP Select Income Fund Inc. has announced its September 2024 distribution of $0.065 per share of common stock, payable on October 10, 2024, to shareholders of record as of September 30, 2024. The distribution sources are:
- 20% ($0.013) from Net Investment Income
- 80% ($0.052) from Net Realized Long-Term Capital Gains
The Fund's fiscal year-to-date distributions total $0.715 per share, with 24% from Net Investment Income, 64% from Net Realized Long-Term Capital Gains, and 12% from Return of Capital. As of August 31, 2024, the Fund's 5-year average annual total return on NAV was 6.06%, with an annualized current distribution rate of 8.59% of NAV. The cumulative total return on NAV for the fiscal year-to-date is 28.21%.
The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP) has authorized dividend payments on its common stock. The fund will distribute 6.5 cents per share on November 12, 2024, December 10, 2024, and January 10, 2025. DNP adopted a Managed Distribution Plan in 2007 to maintain this rate, distributing available investment income, long-term capital gains, and/or return of capital as needed.
For the August 2024 distribution, the sources were: 31% net investment income, 30% net realized long-term capital gains, and 39% return of capital. The fund's average annual total return on NAV for the 5 years ended May 31, 2024, was 6.72%, with an annualized current distribution rate of 9.64% of NAV.
DNP Select Income Fund Inc. (NYSE: DNP) has announced its August 2024 distribution of $0.065 per share, payable on September 10, 2024, to shareholders of record as of August 31, 2024. The distribution sources include:
- 31% from Net Investment Income
- 30% from Net Realized Long-Term Capital Gains
- 39% from Return of Capital
The Fund's fiscal year-to-date cumulative distribution is $0.650 per share. As of May 31, 2024, DNP's average annual total return on NAV for the past 5 years was 6.72%, with an annualized current distribution rate of 9.64% as a percentage of NAV. The Fund's primary investment objectives are current income and long-term growth of income, focusing on a diversified portfolio of equity and fixed income securities in the public utilities industry.
DNP Select Income Fund Inc. (NYSE: DNP) has announced its July 2024 distribution of $0.065 per share, payable on August 12, 2024, to shareholders of record as of July 31, 2024. The distribution sources include:
- 10% from Net Investment Income
- 90% from Net Realized Long-Term Capital Gains
The Fund's fiscal year-to-date distributions total $0.585 per share. As of May 31, 2024, DNP's average annual total return on NAV for the past 5 years was 6.72%, with an annualized current distribution rate of 9.64% as a percentage of NAV. The Fund's primary objectives are current income and long-term income growth, achieved through investments in public utilities industry equities and fixed income securities.
DNP Select Income Fund announced a distribution of $0.065 per share, payable on July 10, 2024, to shareholders of record on June 28, 2024. The Fund's fiscal year runs from November 1, 2023, to October 31, 2024. The distribution sources are broken down as follows: 36% from Net Investment Income, 34% from Net Realized Long-Term Capital Gains, and 30% from Return of Capital. This is part of the cumulative fiscal YTD distribution of $0.520 per share. As of May 31, 2024, the Fund reported a 6.72% average annual total return on NAV over five years, a 9.64% annualized distribution rate, a 15.71% cumulative total return, and a 5.62% cumulative distribution rate on NAV.
Investors are advised not to infer the Fund's performance from these distributions, as a portion may constitute a return of capital, which does not reflect yield or income. These distributions are estimated, and actual tax reporting will be provided via Form 1099-DIV. The Fund invests primarily in equity and fixed income securities within the public utilities sector, aiming for current and long-term growth of income.
The Board of Directors of DNP Select Income Fund (NYSE: DNP) has announced the payment of dividends on its common stock for the upcoming months. A 6.5 cents per share dividend will be paid on the following dates: August 12, 2024, September 10, 2024, and October 10, 2024. These distributions are part of DNP's Managed Distribution Plan, ensuring a consistent 6.5 cent per share payout. If investment income is insufficient, distributions may include long-term capital gains or return of capital. For May 2024, the distribution of $0.065 per share comprised 29% net investment income, 46% long-term capital gains, and 25% return of capital. The fund's five-year average annual total return on NAV is 5.88%, with an annualized current distribution rate of 10.23%. Cumulative total return on NAV for the fiscal YTD is 6.37%, and cumulative fiscal year distributions as a percentage of NAV is 3.41%.
DNP Select Income Fund has announced its distribution sources for May 2024, specifying a per-share distribution amount of $0.065, payable on June 10, 2024. Shareholders on record as of May 31, 2024, will receive this distribution. This includes net investment income, net realized long-term capital gains, and return of capital. For the fiscal year starting November 1, 2023, the cumulative distribution per share stands at $0.455. Key metrics include an annualized distribution rate of 10.23% on NAV, a 5-year average annual total return on NAV of 5.88%, and a 6.37% cumulative total return on NAV for the fiscal YTD. The notice clarifies that a portion of the distribution may constitute a return of capital, which does not necessarily reflect the Fund's investment performance. The sources of the distributions are estimates and could change based on the Fund's investment experience and tax regulations.
DNP Select Income Fund Inc. issues a Section 19(a) Notice regarding the distribution period of April 2024, with a distribution amount of $0.065 per share of common stock payable on May 10, 2024. The distribution sources include Net Investment Income, Net Realized Long-Term Capital Gains, and Return of Capital. The Fund's average annual total return over the past 5 years is 5.88%, with an annualized current distribution rate of 10.23%.
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