DNP Select Income Fund Inc (DNP) has declared a quarterly dividend of $0.07 per share, reflecting its commitment to providing regular income to its shareholders. The dividend is payable to shareholders of record on March 9, 2026, with an ex-dividend date set for February 26, 2026.
The current dividend yield stands at 2.59%, calculated based on the annual dividend income relative to the stock price. This update provides insight into the company's cash flow generation and capital allocation strategy. DNP Select Income Fund Inc, headquartered in Chicago, Illinois, is a closed-end diversified management investment company, primarily investing in a portfolio of equity and fixed income securities within the public utilities sector. The Fund's investment objectives include current income and long-term growth of income, with capital appreciation as a secondary goal.
DNP Select Income Fund Inc invests over 65% of its total assets in securities of public utility companies involved in the production, transmission, or distribution of electric energy, gas, or telephone services. The company also invests in master limited partnerships, which primarily distribute returns of capital.
The announcement highlights DNP's ongoing pattern of regular dividend payments, which may be particularly appealing to income-focused investors. However, dividends are not guaranteed and can be adjusted based on the company's performance and management decisions. Investors are encouraged to review the Fund's dividend history, payout ratio, and overall financial health when assessing the sustainability of these payments.