# DNP Select Income Fund Inc. (DNP): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dnp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Bond - Strategy: Actively Managed · Inception: 1987-01-21 DNP Select Income Fund Inc., a closed-end balanced mutual fund initiated by Virtus Investment Partners, Inc., is overseen by Duff & Phelps Investment Management Co. This U.S.-domiciled fund, which began operations on November 26, 1986, allocates capital primarily across public equity and fixed income securities within the United States. Its fixed income component is comprised of bonds, while its equity investments span companies of all market capitalizations, with a particular emphasis on the Utility sector. The fund's performance is evaluated by benchmarking it against the S&P 500 Utilitie... ## Key Facts | Metric | Value | |---|---| | Price | $10.16 | | Expense Ratio | 2.53% | | Market Value | $3.85B | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 7.68% | | Annual Distribution (TTM) | $0.78 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.23 – $11.16 | | Beta | 0.35 | ## Latest Distribution - Amount: $0.0650 /share - Ex-date: 2026-10-30 - Pay date: 2026-11-10 ## Next Distribution (Declared) - Amount: $0.0650 /share - Ex-date: 2026-11-30 - Pay date: 2026-12-10 ## Frequently Asked Questions ### What does DNP invest in? DNP Select Income Fund Inc., a closed-end balanced mutual fund initiated by Virtus Investment Partners, Inc., is overseen by Duff & Phelps Investment Management Co. This U.S.-domiciled fund, which began operations on November 26, 1986, allocates capital primarily across public equity and fixed income securities within the United States. Its fixed income component is comprised of bonds, while its equity investments span companies of all market capitalizations, with a particular emphasis on the Utility sector. The fund's performance is evaluated by benchmarking it against the S&P 500 Utilities Index and the Barclays Capital U.S. Utility Bond Index. ### What is the expense ratio of DNP? DNP Select Income Fund Inc. (DNP) charges an expense ratio of 2.53%. This is the annual fee deducted from fund assets to cover management and operations. ### What is DNP's dividend yield? DNP's trailing-twelve-month yield is 7.68%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of DNP? Effective duration measures DNP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DNP's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of DNP? DNP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of DNP? Yield to maturity (YTM) is the total return you'd earn from DNP if every bond in the portfolio is held to maturity at the current price. DNP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does DNP pay a dividend? Yes, DNP Select Income Fund Inc. (DNP) distributes dividends to shareholders. The trailing-twelve-month yield is 7.68%. Full dividend history is on this page. ### How often does DNP pay dividends? DNP Select Income Fund Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is DNP's next ex-dividend date? The most recently announced ex-dividend date for DNP was 2026-12-31. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will DNP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.53% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DNP charge its expense ratio? The expense ratio is deducted in tiny daily slices from DNP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DNP cost more than a fund like VOO? DNP is actively managed (current expense ratio 2.53%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DNP's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DNP? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as DNP (2.53%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dnp - Distribution history: https://www.dividenddata.com/funds/dnp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dnp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dnp/expenses - Peer comparison: https://www.dividenddata.com/funds/dnp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.