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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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.
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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.
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