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. reports recurring fund developments as a closed-end diversified investment management company focused on current income and long-term growth of income. The fund is advised by Duff & Phelps Investment Management Co. and invests primarily in diversified equity and fixed-income securities of companies in the public utilities industry.
Its news commonly covers board-authorized dividends on common stock, monthly distribution timing, and Section 19(a) notices that estimate the sources of distributions under the fund's managed distribution plan. Updates also describe how distribution amounts are presented under U.S. GAAP and may differ from federal income tax treatment.
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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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The Board of Directors of DNP Select Income Fund has announced a consistent dividend payment of 6.5 cents per share for upcoming months, continuing the Managed Distribution Plan initiated in 2007. Key payment dates include May 10, 2022, and June 10, 2022. The estimated distribution for February 2022 is $0.065, with sources including 29% from Net Investment Income and 39% from Net Realized Long-Term Capital Gains. Virtus Investment Partners, the parent company, manages assets worth $187.2 billion.
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The Board of Directors of DNP Select Income Fund has declared a monthly dividend of 6.5 cents per share, with ex-dividend dates on January 28, February 25, and March 30, 2022. The payment dates are set for February 10, March 10, and April 11, 2022. The fund operates under a Managed Distribution Plan, ensuring consistent payments, primarily from available investment income. For the fiscal year-to-date, the fund has distributed 8.26% of its NAV, with a total return of 18.76%.