Cash Dividend On The Way From DNP Select Income Fund (DNP)

Looking at the universe of stocks we cover at Dividend Channel, on 10/29/13, DNP Select Income Fun (DNP) will trade ex-dividend, for its monthly dividend of $0.065, payable on 11/12/13. As a percentage of DNP's recent stock price of $9.77, this dividend works out to approximately 0.67%, so look for shares of DNP Select Income Fun to trade 0.67% lower — all else being equal — when DNP shares open for trading on 10/29/13.

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Below is a dividend history chart for DNP, showing historical dividends prior to the most recent $0.065 declared by DNP Select Income Fun:

DNP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DNP is likely to continue, and whether the current estimated yield of 7.98% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of DNP shares, versus its 200 day moving average:

DNP Select Income Fun 200 Day Moving Average Chart

Looking at the chart above, DNP's low point in its 52 week range is $8.78 per share, with $10.77 as the 52 week high point — that compares with a last trade of $9.77.

According to the ETF Finder at ETF Channel, DNP makes up 1.80% of the CEF Income Composite Portfolio ETF ( PCEF) which is trading higher by about 0.2% on the day Friday.

In Friday trading, DNP Select Income Fun shares are currently down about 0.2% on the day.

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