DNP Stock Summary and Trading Ideas (DNP Select Income | NYSE:DNP)

The primary investment objectives of the Fund are current income and long-term growth of income. Capital appreciation is a secondary objective. The Fund seeks to achieve its investment objectives by investing primarily in the public utility industry. Under normal market conditions, more than 65% of the Fund’s total assets are invested in a diversified portfolio of equity and fixed income securities of public utility companies engaged in the production, transmission or distribution of electric energy, gas or telephone services. The Fund does not currently use derivatives and has no investments in complex or structured investment vehicles. The Fund seeks to provide investors with a stable monthly dividend that is primarily derived from current fiscal year earnings and profits. The use of leverage enables the Fund to borrow at short-term rates and invest at longer-term rates.

DNP Select Income trades on the NYSE stock market under the symbol DNP.

As of April 19, 2024, DNP stock price climbed to $8.80 with 341,875 million shares trading.

DNP has a beta of 0.36, meaning it tends to be less sensitive to market movements. DNP has a correlation of 0.07 to the broad based SPY ETF.

DNP has a market cap of $3.19 billion. This is considered a Mid Cap stock.

In the last 3 years, DNP stock traded as high as $12.00 and as low as $8.09.

DNP stock has underperformed the market in the last year with a return of -9.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DNP shares. However, DNP has outperformed the market in the last 3 month and 2 week periods, returning +4.5% and -2.1%, while SPY returned +4.3% and -3.5%, respectively. This indicates DNP has been having a stronger performance recently.

DNP support price is $8.71 and resistance is $8.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DNP stock will trade within this expected range on the day.