DNP Select Income Closed Fund
DNP Select Income Fund Inc. is a closed-end, diversified investment fund that many investors watch for its focus on income. Its primary goals are to generate current income and long-term income growth, with capital appreciation being a secondary objective. The fund primarily invests in a portfolio of equity and fixed-income securities from companies within the public utilities industry. It concentrates over 65% of its assets in firms involved in electricity, gas, or telephone services. This strategy is designed to capitalise on the characteristics often associated with the utilities sector. It's important for potential investors to remember that as with any investment, the fund's value can go down as well as up, and returns are not guaranteed. The fund is managed by Duff & Phelps Investment Management Co.
Stock Performance Snapshot
Financial Health
DNP is generating solid revenue and cash flow, indicating a healthy financial position overall.
Dividend
DNP Select Income Closed Fund's high dividend yield of 7.81% is appealing for those seeking regular income. If you invested $1000 you would be paid $78.10 a year in dividends (based on the last 12 months).
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Why You’ll Want to Watch This Stock
A Focus on Income
The fund's main goal is to generate current income, making it one to watch for those interested in regular distributions. Remember, dividends are not guaranteed.
Utilities Sector Exposure
DNP offers concentrated exposure to the utilities industry, a sector that can behave differently to the broader market. Past performance is not a guide to future returns.
A Hybrid Approach
By investing in both equity and fixed-income securities, the fund adopts a blended strategy to try and balance potential growth with income generation.
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