DNP News and Press, DNP Select Income Fund Inc. From 11/04/22

Summary RIG value/ total return perked up to just off 0.45% while outperforming SPY by ~17.3%. 5.2% income yield beats SPY's 1.7% with 22 dividend payments and 4 raises which are listed with the amount paid, yearly estimate, yield, and comments. October transactions included 4...

Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. OPP rights offering results. FEO will liquidate. Author's note: This article was released to CEF/ETF Income Laboratory members on September 29, 2022. Please check l...

Summary All investments compete against each other and the risk-free rate. While we don't consider the utilities sector particularly attractive, there are always opportunities to make a buck. Here we present our view of DNP Select Income Fund & Reaves Utility Income Fund a...

Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. Real estate CEFs lag. OPP rights offering expires. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 21, 2022. Pleas...

Summary The UTF fund is a utilities and infrastructure focused closed-end fund. It has strong long-term total returns and has a current distribution yield of 7.6%. I am cautious on utilities and infrastructure funds in general due to rising interest rates. The Cohen ...

Summary 14 out of 23 CEF sectors were positive on price and 16 out of 23 sectors were positive on NAV last week. HYT conducts a rights offering. ZTR rights offering has expired. Author's note: This article was released to CEF/ETF Income Laboratory members on Septem...

Summary RIG with 5.3% income yield smashes SPY's 1.46% with 22 companies paying dividends; income is up 20.67% from May Q2 and 15.85% from Aug 2021. RIG outperforms SPY by 15.43% which was down 16.18%, with RIG value being down 0.75% YTD at the end of August. There was 1 Augus...

Summary DNP is a utility sector focused CEF. It has paid a consistent $0.065/month distribution for years. With sector valuations at extremes, it may be more difficult for the fund to generate sufficient returns to maintain distributions without resorting to return of capital....

July income beats July 2021 by 48% and April Q2 by 45.1% because of the Kenon special dividend. Portfolio value YTD is up 3.07% and is outperforming SPY by 15.71%, which is down 12.64%. Dividend yield is 5.17% with 25 companies paying 2 specials and included 1 raise; all are liste...

We previously discussed Buffett's explanation for why smart people go broke. We then made the connection to why we generally don't buy CEFs. However, this does not mean that investors should never buy any CEFs under any circumstances. Back in March, we wrote : ...