dnp has consistently paid a very profitable dividend yield for past 25 years.
the price has remained between $7 - $11 share.where else are you going to
get 7-8 % yield ??
i will continue to buy on dips.and continue to hold and collect
my monthly dividend checks.
good luck all.
Sentiment: Strong Buy
Ah yes, it's days like today (big down market) thet make you glad you're holding DNP. It barely budged. Rock solid dividend hasn't missed a monthly beat in 26+ years since inception; divs reinvested at a 5% discount to market; Morningstar Silver 4 star rated; recent share offering funds used 100% to pay off preferred shares-exactly as they said, and theyre up ~8%. Shares bought this year on dip to $9 are up ~14%.
You losers and psuedo-shorts that bad-mouth DNP need to stop your whining and get on board. I will have a nice retirement check on divs alone, and my kids can have the shares. What's not to like?
BEST Savings account I ever had.
Of course there are times to take profits...
and times I missed buying Ops....
#$%$ care?! Stay vested and collect the $$$$.
To these 'Tards posting "Sell" messages, #$%$ #$%$ holes.
Hi, first time poster, long time listener. I'm very stupid with the market. I really do not know what I'm doing. Scottrade helps me very well with my stupidity. I'm a small time investor. However, I'm breaking over even since the 2008 disaster. I'm ahead of the game currently. Here's my question, I've been in and out of DNP for a few years. Got in low, rode it for a while, got the divy's and sold when I thought the market was going to the hounds. Caught DNP at a 52 week low recently, it's up nice for me, and still get the div's. Many say it's ROC, however, I have received the dividend and sold at a profit in the past. So, why is a ROC viewed by so many as being a "bad" thing? Thanks for your time.
Chasing yield is never smart! You need to understand that a good portion is that great dividend is your own money coming back. DNP has never faced a situation before that it now faces. Watch out if or should I say when interest rates start rising. Then the market value if it's portfolio is really going to drop. Avoid this coming disaster!
Hey Nutty! Where have U been? I totally agree with U! This fund is a bomb about to go boom. A lot of folks that own it don't understand the financial facts of life. NAV WILL drop when interest rate rise and so will market price of the stock. The only NAV on this stock can rise is for interest rates to drop but there is no where to drop. I sold my shares above 11 and I did it on your advice. Thank you. U have my email address but I never got yours. Get in touch -I'd like ur thoughts on another stock!
Sentiment: Strong Sell
Let’s put some numbers to this ROC issue. In 2011 the Sec 19(a) notices indicated that 15.6% of distributions was ROC. After yearend this was recharacterized as 3.4%, which is the true ROC for 2011. For 2012 the Sec 19(a) notices estimate a ROC of 18.5%. We’ll soon see if the recharacterization knocks that number down as much as it did last year.
A Sep 2012 Morningstar analyst report on DNP says: “In its 12-year history, it has used return of capital in only three fiscal years to supplement distributions; and each time, by our calculations, it has never been destructive.”
I bought DNP last month, and will hold it as long as I can continue to ride it up.