DNP: Unsustainable Strategy In The Higher For Longer Environment [Seeking Alpha]
DNP Select Income Fund, Inc. (DNP)
US:NYSE Investor Relations:
dnpselectincome.com
Company Research
Source: Seeking Alpha
The fund has a diversified portfolio of large-cap utility businesses with mostly IG balance sheets, which can accommodate stable distributions. However, DNP has failed to grow its dividend for over two decades and has underperformed the market over the past decade. Now, once the SOFR is this high and the higher for longer scenario looks indeed realistic, DNP's return prospects seem structurally impaired. In this article, I elaborate on why my recommendation is to avoid this CEF. The DNP Select Income Fund ( NYSE: DNP is a utility and energy infrastructure-focused closed-end management investment company, which has been publicly traded since 1987. DNP's primary investment objectives are current income and long-term growth of income, with a secondary objective being price appreciation Recommended For You Recommended For You About DNP Ticker
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News
- DNP Select Income Fund Inc. Section 19(a) NoticeBusiness Wire
- 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: 3 Reasons We Are Moving Back To A Sell For This Utility Fund [Seeking Alpha]Seeking Alpha