Oil prices are up, the cost of borrowing is incresing, inflation worries are rising, and Y2K fears are all factors that are currently depressing most of the utils. Since many utilites convert oil to electric energy, it will eat away their profits. Many of the utils are now below their 200 day moving average.
DNP also invests in REIT's. Because the cost of borrowing is incresing and inflation is creeping in, REIT's profit's will also shrink.
Although DNP will probably decline some more in the near future, this is a great stock to own. If you're patient, and believe in dividend reinvestment, you will probably double your money in less than nine years
that's the most encouraging news I have heard in a long time. My portfolio is nearly all DNP, because I had a feeling it was a better deal than any CD. It just makes me a little queazy to see it sink below my purchase price. Now, I think I can hold on.