DNP Select Income Fund Inc. (NYSE:DNP) has announced its distribution for September 2023, bringing good news to shareholders. The distribution amount per share of common stock is set at $0.065, payable on October 10, 2023, to shareholders of record as of September 29, 2023.<\/p>\n
DNP Select Income Fund is a closed-end diversified investment management company that focuses on generating current income and long-term growth of income. The company achieves these objectives by investing in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry.<\/p>\n
The distribution estimates for September 2023 reveal that the net investment income accounts for $0.012 per share, representing 19% of the current distribution. Cumulatively, the net investment income for the fiscal year-to-date stands at $0.157 per share, accounting for 22% of the cumulative distributions.<\/p>\n
Additionally, the distribution includes net realized long-term capital gains of $0.019 per share, making up 29% of the current distribution. The cumulative net realized long-term capital gains for the fiscal year-to-date amount to $0.358 per share, constituting 50% of the cumulative distributions.<\/p>\n
Furthermore, the distribution includes a return of capital (or other capital source) of $0.034 per share, representing 52% of the current distribution. Cumulatively, the return of capital for the fiscal year-to-date stands at $0.200 per share, accounting for 28% of the cumulative distributions.<\/p>\n
It’s important to note that the Fund estimates it has distributed more than its income and capital gains, which means a portion of the distribution may be a return of capital. This should not be confused with “yield” or “income” and does not necessarily reflect the Fund’s investment performance.<\/p>\n
Despite the return of capital, DNP Select Income Fund remains committed to its primary investment objectives of generating current income and long-term growth of income. The Fund’s investment strategy focuses on the public utilities industry, providing investors with exposure to a diversified portfolio of equity and fixed income securities.<\/p>\n
Investors can find more information about DNP Select Income Fund on the company’s website at www.dpimc.com\/dnp or by contacting the Fund directly at (800) 864-0629.<\/p>\n
In conclusion, DNP Select Income Fund’s distribution for September 2023 brings positive news for shareholders. With a focus on generating current income and long-term growth of income, the Fund continues to provide investors with opportunities in the public utilities industry.<\/p>\n
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DNP Select Income Fund Inc. (NYSE:DNP) has announced its distribution for September 2023, bringing good news to shareholders. The distribution amount per share of common stock is set at $0.065, payable on October 10, 2023, to shareholders of record as of September 29, 2023. DNP Select Income Fund is a closed-end diversified investment management company […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"acf":{"source_article":"https:\/\/www.businesswire.com\/news\/home\/20231009299143\/en\/","image_credit":"none"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/11578"}],"collection":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/comments?post=11578"}],"version-history":[{"count":0,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/11578\/revisions"}],"wp:attachment":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/media?parent=11578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/categories?post=11578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/tags?post=11578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}