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. (DNP) provides investors with essential updates through this centralized news hub focused on its utility sector investments. Track official announcements including earnings reports, dividend declarations, and strategic portfolio adjustments within the fund's closed-ended structure.
This resource serves income-focused investors seeking timely updates on DNP's regulated utility holdings and management decisions. Access curated press releases covering capital allocations, sector analysis, and operational developments that impact the fund's income generation strategy.
Key updates include regulatory filings, distribution changes, and market positioning insights specific to public utility investments. The collection enables informed analysis of DNP's performance in stable cash flow environments while maintaining compliance with financial disclosure standards.
Bookmark this page for direct access to primary source materials and structured updates about DNP's income-focused approach in essential service sectors. Regular updates to stay informed about this closed-ended fund's navigation of regulated utility markets.
DNP Select Income Fund has declared a monthly dividend of 6.5 cents per share, payable on November 10, 2021. This dividend follows a consistent payout plan initiated in 2007, which aims to distribute all available investment income to shareholders. If sufficient income isn't available, the fund will utilize long-term capital gains or return of capital to maintain the distribution level. For fiscal year-to-date, cumulative distributions amount to $0.650 per share, with 18.95% cumulative total return on NAV.
DNP Select Income Fund announced a dividend of 6.5 cents per share for multiple dates including July 29, August 30, and September 29, 2021. This distribution is part of its Managed Distribution Plan established in 2007, aimed at providing consistent income to shareholders. For fiscal year-to-date, the total distribution per share stands at $0.455, with net investment income contributing 30% of distributions. The fund's current annualized distribution rate is 8.00% of NAV, with expected returns from long-term capital gains and return of capital if needed.
DNP Select Income Fund (NYSE: DNP) will redeem its Floating Rate Mandatory Redeemable Preferred Shares on April 1, 2021. This includes the redemption of 600 Series B MRP Shares valued at $60 million and 330 Series D MRP Shares worth $33 million, both at 100% of their liquidation preference. The total redemption will be financed by a $93 million borrowing from the Fund's existing credit facility. These shares will not incur accrued and unpaid dividends as they are redeemed on their final payment date.
FAQ
What is the current stock price of DNP Select Income (DNP)?
What is the market cap of DNP Select Income (DNP)?
