DNP Select Income Fund Inc Overview
Pro stress-test →DNP Select Income Fund Inc. (NYSE: DNP) is a diversified, closed-end management investment company that first offered its common stock to the public in January 1987. The fund focuses on current income and long-term income growth from public utilities equity and fixed-income securities.
Strategic Profile
Pro stress-test →The fund invests primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry, including issuers engaged in the production, transmission, or distribution of electric energy, gas, or telephone services. The Fund adopted a Managed Distribution Plan in 2007 to maintain a monthly $0.065 per share distribution rate, distributing all available investment income and supplementing with long-term capital gains and/or return of capital when needed.
Competitive Landscape
Pro stress-test →DNP competes within the closed-end fund sector focused on utilities income. Primary alternatives include other utilities-focused closed-end funds (such as CEFs with infrastructure or dividend focus) and open-end utility ETFs or mutual funds. The fund's 39-year history, professional management by Duff & Phelps, and consistent distribution policy differentiate it in the income-focused CEF market.
Industry Context
DNP Select Income Fund Inc operates in Closed-end funds.
Key facts
Founded: 1987 · Headquarters: Chicago, Illinois · Employees: N/A · Revenue: N/A · Market cap: N/A