DNP Select Income Fund Inc. (
NYSE: DNP) is a diversified,
closed-end management investment company. Its primary investment objective is
current income and long-term growth of that income. Capital appreciation is a secondary objective.
The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry.
Top 10 holdings:
| NextEra Energy Inc. | 3.7% |
| Alliant Energy Corp. | 3.4% |
| Westar Energy Inc. | 3.3% |
| CMS Energy Corp. | 3.2% |
| Eversource Energy | 3.2% |
| Sempra Energy | 3.0% |
| DTE Energy Co. | 2.8% |
| WEC Energy Group Inc. | 2.8% |
| Ameren Corp. | 2.7% |
| Public Service Enterprise Group Inc. | 2.6% |
as of 4/30/2016 (src: www.dnpselectincome.com)
Since 1987, this fund has produced an annualized return of over 9% (
src:longrundata.com) on its dividend. Is that consistency or what !
I'm confident this fund will continue to perform and I hope to collect steady income from this holding for a very long time.
This purchase will add $78 dividend income to my
dividend stock portfolio
Basic info:
Market CAP: 2.99B EPS:$0.38 Dividend: $0.78 (7.33%)