DNP Stock Overview
DNP Select Income Fund Inc. is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$11.05|
|52 Week High||US$11.17|
|52 Week Low||US$9.75|
|1 Month Change||2.41%|
|3 Month Change||1.84%|
|1 Year Change||6.15%|
|3 Year Change||1.01%|
|5 Year Change||3.76%|
|Change since IPO||26.29%|
Recent News & Updates
DNP: A High-Yield CEF With Time-Tested Distributions
DNP is a closed-end fund managed by Duff & Phelps that utilizes a utilities-focused portfolio to drive current income and total return. The fund is one of the oldest publicly-traded CEFs and has never cut its distribution. We dive into the fund and discuss DNP’s current outlook.
Evaluating CEFs: DNP Offers Stable Income With No Drama
DNP offers a yield of 7.3%, quite attractive if the distribution can be supported. I continue my series looking at CEFs beyond the yield. With increasing NAV and a well covered distribution, the 6.5 cents a month distribution is worth buying under $11.
DNP: Strong Utilities CEF, 7.3% Distribution Yield, Market-Beating NAV Returns
DNP is a leveraged utilities CEF. The fund offers investors a strong 7.3% distribution yield, an outstanding distribution and performance track record, and is trading at a competitive price. An overview of the fund follows.
DNP: The 7.50% Yield Is Nice But The Fund Looks Overpriced
Utilities tend to be solid investments for retirees because of their stable cash flows and high yields. DNP offers a substantially better yield than indexed utility funds at 7.50%. There is some excitement around electric utilities right now, but this appears to be unjustified as demand will not grow like some predict. The fund appears easily able to cover its distributions, which should be comforting to potential investors. The fund's premium is not as high as usual, but it still puts a great deal of faith in management and does not represent a bargain.
DNP: The Most Steady Monthly Payer, 7.47% Yield
Written by Nick Ackerman, co-produced by Stanford Chemist In a recent screening for funds with the lowest 1-year z-score, I came across DNP Select Income Fund (DNP). What is interesting about DNP is that for most investors familiar with closed-end funds, it continually comes to the top of the list for the fund with the largest premium. The real draw for most investors here is that DNP is one of the most steady monthly payers
|DNP||US Capital Markets||US Market|
Return vs Industry: DNP underperformed the US Capital Markets industry which returned 25.7% over the past year.
Return vs Market: DNP underperformed the US Market which returned 10.2% over the past year.
|DNP Average Weekly Movement||1.1%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: DNP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: DNP's weekly volatility (1%) has been stable over the past year.
About the Company
DNP Select Income Fund Inc. is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds. It seeks to invest in stocks of companies operating in the Utility sector.
DNP Select Income Fund Fundamentals Summary
|DNP fundamental statistics|
Is DNP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DNP income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
|Earnings per share (EPS)||1.51|
|Net Profit Margin||401.64%|
How did DNP perform over the long term?See historical performance and comparison
7.1%Current Dividend Yield
Does DNP pay a reliable dividends?See DNP dividend history and benchmarks
|DNP Select Income Fund dividend dates|
|Ex Dividend Date||Jan 28 2022|
|Dividend Pay Date||Feb 10 2022|
|Days until Ex dividend||7 days|
|Days until Dividend pay date||20 days|
Does DNP pay a reliable dividends?See DNP dividend history and benchmarks
Is DNP Select Income Fund undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DNP ($11.05) is trading below our estimate of fair value ($12.49)
Significantly Below Fair Value: DNP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DNP is good value based on its PE Ratio (7.3x) compared to the US Capital Markets industry average (15.5x).
PE vs Market: DNP is good value based on its PE Ratio (7.3x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DNP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DNP is good value based on its PB Ratio (1.2x) compared to the US Capital Markets industry average (42.2x).
How is DNP Select Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DNP Select Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has DNP Select Income Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DNP has a large one-off gain of $445.4M impacting its October 31 2021 financial results.
Growing Profit Margin: DNP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DNP's earnings have declined by 3.3% per year over the past 5 years.
Accelerating Growth: DNP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DNP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).
Return on Equity
High ROE: DNP's Return on Equity (16.1%) is considered low.
How is DNP Select Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: DNP's short term assets ($54.0M) exceed its short term liabilities ($28.5M).
Long Term Liabilities: DNP's short term assets ($54.0M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: DNP's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: DNP's debt to equity ratio has reduced from 37.3% to 34% over the past 5 years.
Debt Coverage: DNP's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: DNP's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is DNP Select Income Fund current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: DNP's dividend (7.06%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: DNP's dividend (7.06%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: DNP's dividends per share have been stable in the past 10 years.
Growing Dividend: DNP's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.4%), DNP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Nathan Partain (64 yo)
Mr. Nathan Ivey Partain, CFA serves as Consultant at Duff & Phelps Investment Management Co. Earlier he served as Director at Duff & Phelps Investment Management Co. since May 2007 and Co-Chief Investment...
Experienced Board: DNP's board of directors are seasoned and experienced ( 16.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.1%.
DNP Select Income Fund Inc.'s employee growth, exchange listings and data sources
- Name: DNP Select Income Fund Inc.
- Ticker: DNP
- Exchange: NYSE
- Founded: 1986
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$3.814b
- Shares outstanding: 345.20m
- Website: https://www.dnpselectincome.com
- DNP Select Income Fund Inc.
- 200 South Wacker Drive
- Suite 500
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:33|
|End of Day Share Price||2022/01/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.