DNP Select Income Fund is a closed-end fund with infrastructure exposure, primarily utility exposure, being its largest sleeve. The fund's premium to NAV has come down to a relatively narrow level compared to its historical level, even as the fund saw some significant recovery over the last year. One of the more notable aspects of DNP is the regular monthly distribution has remained consistent for nearly 3 decades now.
CHICAGO--(BUSINESS WIRE)--Notification of Sources of Distribution Distribution Period January 2025 Distribution Amount Per Share of Common Stock $0.065 The following table sets forth the estimated amounts of the current distribution, payable February 10, 2025 to shareholders of record January 31, 2025, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2024 to October 31, 2025. All amounts are expressed per.
CHICAGO--(BUSINESS WIRE)--Notification of Sources of Distribution Distribution Period December 2024 Distribution Amount Per Share of Common Stock $0.065 The following table sets forth the estimated amounts of the current distribution, payable January 10, 2025 to shareholders of record December 31, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2024 to October 31, 2025. All amounts are expressed.
CHICAGO--(BUSINESS WIRE)--The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows: Cents Per Share Ex-Dividend Date Record Date Payable Date 6.5 January 31, 2025 January 31, 2025 February 10, 2025 6.5 February 28, 2025 February 28, 2025 March 10, 2025 6.5 March 31, 2025 March 31, 2025 April 10, 2025 The Fund adopted a Managed Distribution.
The DNP Select Income Fund offers an 8.42% yield and invests in dividend-growing common equities, providing inflation protection and stable income for investors. Despite underperforming the S&P 500 Index, the fund's total return, including distributions, was 11.97% YoY, aligning with historical S&P 500 average returns. The fund's portfolio is heavily focused on utilities, ensuring stable cash flows and recession-resistant performance, making it a reliable income source.
CHICAGO--(BUSINESS WIRE)--Notification of Sources of Distribution Distribution Period October 2024 Distribution Amount Per Share of Common Stock $0.065 The following table sets forth the estimated amounts of the current distribution, payable November 12, 2024 to shareholders of record October 31, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. All amounts are expressed per s.
CHICAGO--(BUSINESS WIRE)--The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows: Cents Per Share Ex-Dividend Date Record Date Payable Date 6.5 October 31, 2024 October 31, 2024 November 12, 2024 6.5 November 29, 2024 November 29, 2024 December 10, 2024 6.5 December 31, 2024 December 31, 2024 January 10, 2025 The Fund adopted a Managed Di.
DNP Select Income Fund offers consistent income with an 8.2% dividend yield, maintaining stable prices since 1987, making it ideal for income-focused investors. The fund's balanced portfolio includes 77% common stocks, 17% bonds and cash, and 6% MLPs, ensuring diversified exposure within the utilities sector. Despite trading at an 8.33% premium to NAV, the potential benefits from future interest rate cuts make it an attractive long-term buy.
CHICAGO--(BUSINESS WIRE)--The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows: Cents Per Share Ex-Dividend Date Record Date Payable Date 6.5 July 31, 2024 July 31, 2024 August 12, 2024 6.5 August 30, 2024 August 30, 2024 September 10, 2024 6.5 September 30, 2024 September 30, 2024 October 10, 2024 The Fund adopted a Managed Distributio.
We moved the DNP Select Income Fund to a Sell a few months back. The CEF has underperformed XLU by 18% since then. We go over the reasons for our upgrade and compare the longer-term performance to UTG, UTG, and BUI.