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 Inc. (DNP) provided answers to shareholder questions regarding its proposed merger with Duff & Phelps Utility and Corporate Bond Trust Inc. (DUC) on January 29, 2021. Notably, shareholders are not required to vote on the merger. DNP aims to achieve long-term income growth through a diversified portfolio, particularly in public utilities. The fund is advised by Duff & Phelps Investment Management, a subsidiary of Virtus Investment Partners (VRTS), managing $116.5 billion in assets as of September 30, 2020.
DNP Select Income Fund (NYSE: DNP) announced a monthly dividend of 6.5 cents per share, payable on February 10, 2021, as part of its Managed Distribution Plan established in 2007. The Plan aims to maintain this distribution rate by utilizing available investment income or long-term capital gains when necessary. In the fiscal year-to-date, the Fund's cumulative total return on NAV is -10.57%, with an annualized distribution rate of 9.03% of NAV. Investors are advised that these distribution amounts are estimates and may change as the fiscal year progresses.
The Board of Directors of DNP Select Income Fund (NYSE: DNP) has approved a dividend payment of 6.5 cents per share. The dividends will be distributed four times: on November 10, 2020, December 10, 2020, and additional payments scheduled for October 30, 2020 and November 30, 2020. The Fund follows a Managed Distribution Plan to maintain this distribution rate. In 2020, 67% of the current distribution comes from a return of capital, while only 29% derives from net investment income, raising sustainability concerns.
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