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DNP Select Income Fund Pays Steady High DividendsDNP Select Income Fund (DNP), a closed-end fund that invests in public utilities, provides investors with current income and long-term increasing income. Its current top ten holdings include well-known large electric and gas utilities. As of October 10, 2005 DNP pays a $0.78 (6.80 percent yield) annual dividend on earnings of $2.11. Like most high-income closed-end funds DNP trades at a significant premium to its net asset value (NAV) - $11. 48 versus $8.80. DNP pays dividends monthly and offers a dividend investment plan. For more information about DNP see its Web site.
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