DNP: 3 Reasons We Are Moving Back To A Sell For This Utility Fund [Seeking Alpha]
DNP Select Income Fund, Inc. (DNP)
US:NYSE Investor Relations:
dnpselectincome.com
Company Research
Source: Seeking Alpha
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. I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » For most of the last 15 months, we have held strongly negative views on DNP Select Income Fund ( NYSE: DNP ). This has generally worked out and the CEF has struggled to make headway in this timeframe. Since the "Strong sell" rating in October 2022, the CEF has underperformed the S&P 500 ( SPY ) by almost 45% on a total return basis. On our last coverage we upgraded this to a "Hold" and cited the primary factor as follows. We don't believe it will work out in the medium term. In the short term, the Z-score on DNP has really blown up. A big negative number here suggests that the fund is currently priced cheaper than it has been in the past. So there is some risk of DNP rebou
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- DNP Select Income Fund Inc. Section 19(a) NoticeBusiness Wire
- DNP Select Income Fund Announces Dividends and Sources of DistributionBusiness Wire
- DNP SELECT INCOME FUND INC. Section 19(a) NoticeBusiness Wire
- DNP Select Income Fund Inc. Section 19(a) NoticeBusiness Wire