- DNP Select Income Fund Inc. (DNP, Financial) announces a monthly distribution of $0.065 per share payable on April 10, 2025.
- The distribution sources include 28.9% from Net Investment Income and 37.8% from Long-Term Capital Gains.
- As of February 2025, the Fund's five-year average annual total return on NAV is 9.09%.
DNP Select Income Fund Inc. (DNP), a closed-end fund managed by Duff & Phelps Investment Management Co., has declared its March 2025 monthly distribution of $0.065 per share. The distribution will be payable on April 10, 2025, to shareholders of record as of March 31, 2025. This continuation of monthly distributions is part of the Fund’s managed distribution plan, which has been in place since 2007.
The breakdown of the March distribution is as follows: 28.9% from Net Investment Income amounting to $0.019 per share, 37.8% derived from Net Realized Long-Term Capital Gains amounting to $0.025 per share, 6.0% from Net Realized Short-Term Capital Gains equal to $0.003 per share, and 27.3% from Return of Capital, which translates to $0.018 per share. This multi-source distribution ensures that the Fund maintains its 6.5 cent per share distribution level.
For investors tracking fund performance, as of February 28, 2025, DNP reported an average annual total return on NAV of 9.09% over the past five years, with a current annualized distribution rate of 8.45% as a percentage of NAV. The cumulative total return on NAV for the fiscal year stands at 6.41%, highlighting the Fund's consistent performance amidst market fluctuations.
DNP Select Income Fund Inc. continues to aim for current income and long-term growth of income by investing primarily in a diversified portfolio of equity and fixed income securities, notably within the public utilities industry.
