DNP Select Income Fund Inc

DNP Select Income Fund, Inc. is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. DNP Select Income Fund was founded on January 21, 1986 and is headquartered in Chicago, IL.

DNP Select Income Fund, Inc. is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. the company was founded on January 21, 1986 and is headquartered in Chicago, IL.

DNP Select Income Fund focuses on high-quality utility and energy infrastructure investments, with a majority of its exposure in publicly traded utility companies. The fund has a diversified portfolio of large-cap utility businesses with mostly IG balance sheets, which can accommodate stable distributions. However, DNP has failed to grow its dividend for over two decades and has underperformed the market over the past decade.

DNP: Unsustainable Strategy In The Higher For Longer Environment

CHICAGO--(BUSINESS WIRE)--Notification of Sources of Distribution Distribution Period   March 2024 Distribution Amount Per Share of Common Stock   $0.065 The following table sets forth the estimated amounts of the current distribution, payable April 10, 2024 to shareholders of record March 28, 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 shar.

DNP Select Income Fund Inc. Section 19(a) Notice

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 April 29, 2024 April 30, 2024 May 10, 2024 6.5 May 31, 2024 May 31, 2024 June 10, 2024 6.5 June 28, 2024 June 28, 2024 July 10, 2024 The Fund adopted a Managed Distribution Plan (the “Plan”) in 20.

DNP Select Income Fund Announces Dividends and Sources of Distribution

CHICAGO--(BUSINESS WIRE)--Notification of Sources of Distribution Distribution Period February 2024 Distribution Amount Per Share of Common Stock $0.065 The following table sets forth the estimated amounts of the current distribution, payable March 11, 2024 to shareholders of record February 29, 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 sh.

DNP SELECT INCOME FUND INC. Section 19(a) Notice

DNP Select Income Fund has struggled to make headway in the past 15 months, underperforming the S&P 500 by 45%. The recent outperformance of the price relative to NAV has opened up the "jaws" once again. We tell you why we are moving to a Sell once again.

DNP: 3 Reasons We Are Moving Back To A Sell For This Utility Fund

Agree Realty

WisdomTree US Quality Dividend Growth Fund

EPR Properties

Gladstone Commercial

Gladstone Land

Main Street Capital

Modiv

Realty Income Corp

Cohen & Steers Reit And Preferred Income Fund Inc

SPDR S&P 500 ETF Trust

Spirit Realty Capital

STAG Industrial

Reaves Utility Income Fund

Vici Properties

Vanguard Real Estate ETF

I am a fan of monthly dividends, because they provide income stability and slightly increase the speed of compounding. I highlight eight monthly dividend payers that I consider to be high-quality investments with sustainable payouts. Monthly dividends are great, but not at the expense of the quality of assets, management, and balance sheet. Those factors are more important.

These 8 Income Investments Pay Me Every Month

Ares Capital

Ares Dynamic Credit Allocation Fund

AllianceBernstein Global High Income Fund Inc

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Science & Technology

Central Securities

Calamos Convertible Opportunities And Income Fund

Eaton Vance Enhanced Equity Income Fund II

Energy Transfer LP Unit

Flaherty & Crumrine Preferred Securities Income Fund Inc

Guggenheim Strategic Opportunities Fund

abrdn Healthcare Investors 

New American High Income Fund

India Fund Inc

Kayne Anderson MLP Investment

Barings Corporate Investors

Annaly Capital

Nuveen Municipal High Income Opportunity Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

Cohen And Steers Total Return Realty Fund

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The 8% Income Portfolio: 2023 Year-End Review

DNP Select Income Fund has had a rough year, losing approximately 17% in total returns compared to gains in the S&P 500. Utility sector valuations have normalized, making the sector attractive on a relative basis. While DNP's premium valuation has normalized a bit, it is still richly valued relative to its assets so caution is recommended.

DNP: Remain Neutral On Fund Valuations

BlackRock Utilities Infrastructure & Power Opportunities Trust

We had rated DNP a Strong Sell, as the fund had a toxic combination of leverage and premium to NAV. DNP has dropped sharply and thesis has been validated. We compare this with another fund, BUI, and tell you why we prefer the latter.

BUI Vs. DNP: One Clear Winner Amongst Utility CEFs

DNP Select Income Fund offers a high level of income with an 8.57% current yield, higher than the S&P 500 Index. The fund's recent performance has been disappointing, with an 18.89% decline in share price compared to a 10.50% gain in the S&P 500 Index. The fund's leverage and allocation to utilities have hindered its performance, and it may struggle to sustain its distribution in the near term.

DNP: Rising Rates Pressure NII But Still Expensive

AllianceBernstein National Municipal Income Fund

BlackRock Health Sciences Trust II

Cornerstone Strategic Value Fund Inc

MFS High Yield Municipal Trust

Cornerstone Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

MFS Investment Grade Municipal Trust

Destra Multi-Alternative Fund

BlackRock Enhanced Government Fund

Eaton Vance

Aberdeen Global Income Fund

First Trust Energy Infrastructure Fund

FS Credit Opportunities Corp

Sprott Focus Trust

GDL Fund

Gabelli Dividend & Income Trust

Gabelli Multimedia Trust

Gabelli Utility Trust

John Hancock Hedged Equity & Income Fund

Highland Income Fund

Highland Global Credit Allocation Fund.

Closed-End Funds: Revisiting Valuations As We End Q3 2023

DNP Select Income Fund is a closed-end fund that focuses on current income and has maintained a large distribution. The fund primarily invests in utilities and midstream assets, with some exposure to the communication sector. DNP has underperformed its benchmarks in recent years and faces potential challenges due to the state of the utilities industry and its leverage costs.

DNP: Risk Management Always Pays Off

Neuberger Berman MLP Income Fund, Inc.

PennantPark Floating Rate Capital

Solar Capital

Rose's Income Garden consists of 5 high yield monthly payers from the energy, utility, and finance sectors. The top monthly payer in RIG is PennantPark Floating Rate Capital Ltd. with a dividend yield of 11.7%. Other high yield monthly payers in RIG include SLR Investment Corp., Ares Dynamic Credit Allocation Fund, Neuberger Berman Energy Infrastructure Income Fund, and DNP Select Income Fund.

5 High 10%+ Yield Monthly Payers In Rose's Income Garden 80 Stock Portfolio

CHICAGO--(BUSINESS WIRE)--Notification of Sources of Distribution   Distribution Period July 2023 Distribution Amount Per Share of Common Stock $0.065 The following table sets forth the estimated amounts of the current distribution, payable August 10, 2023 to shareholders of record July 31, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. All amounts are expressed per share o.

DNP Select Income Fund Inc. Section 19(A) Notice

CHICAGO--(BUSINESS WIRE)--DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., announced today that the Fund will pay its 2.76% Series A Senior Secured Notes due July 22, 2023 (“Series A Senior Notes”) in full at maturity. Since the scheduled maturity date falls on a non-business day, the Fund will pay the $100 million in principal of its Series A Senior Notes (CUSIP 23325PA*5) on July 24, 2023. The payment will also include regular.

DNP Select Income Fund Inc. to Pay in Full Its Series A Senior Secured Notes

We share updated data on more than 10 of the biggest and most-popular big-yield CEFs, many of them paying distributions monthly. After reviewing seven important questions to ask before investing in any CEF, we consider current market conditions and macroeconomic risk factors. We have a special focus on the DNP Select Income Fund, which is known for safety and stability (thanks to its utility sector and investment-grade bond allocations).

DNP: Top 10 Big-Yield CEFs

DNP Select Income and Reaves Utility Income are both solid long-term choices in the utility/infrastructure closed-end fund space. UTG gets the edge over DNP due to its valuation, as the discount/premium can play a significant role in the outcome for investors. Buying DNP at a premium of below 10% is generally a good buying opportunity, but even more ideally, it would be at a discount which doesn't come around often.

DNP Vs. UTG: 2 Solid Long-Term Infrastructure Income Plays

Duff & Phelps Global Utility Income Fund Inc

DNP Select Income and Duff & Phelps Utility and Infrastructure Fund Inc are two popular income closed-end funds. While their longer-term trends are not identical, they have a lot in common when you examine recent pricing and 3-year performance. One just delivered a massive distribution cut, is the other next?

DPG And DNP: Big Distribution Cut From One, Warning For The Other

Bancroft Fund Ltd

Center Coast Brookfield MLP & Energy Infrastructure Fund

ClearBridge Energy MLP Total Return Fund Inc

Western Asset Mortgage Opportunity Fund

Blackrock ESG Capital Allocation Trust

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

First Trust Dynamic Europe Equity Income Fund

Voya Global Advantage and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund

CBRE Global Real Estate Income Fund

Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022.

Closed-End Fund: April 2023 Check On Valuation

DNP: Moving From Sell To Hold On This CEF.

DNP: Moving From Sell To Hold On This CEF

DNP: Still Too Expensive

Cohen & Steers Infrastructure Fund Inc

Closed-End Funds, or CEFs, are a popular form of monthly paying stocks. Most, however, are dangerous and lack income dependability, due to destructive use of Return of Capital (unsustainable dividends that fall over time).

Five 7+%-Yielding Monthly Paying Retirement Dream Stocks

DNP and UTG are exceptionally popular CEFs for income investors. We had suggested a switch the last time around when we covered these two and we take a look at how the trade has played out.

DNP And UTG: Updating Our Outlook On 2 Utility CEFs

DNP is a utilities equities closed end fund with a substantial track record. The fund is one of those rare, golden standard CEFs that have always traded at premiums to NAV in the past decade.

DNP: A Golden Utilities CEF, Currently Extremely Overpriced

Nuveen Build America Bond Fund

Cohen & Steers Quality Income Realty Fund

Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis.

News for DNP Select Income Fund Inc ETF (DNP)