board are clueless about what DNP is. If you bought it for a rise in price you better leave. This is an INCOME investment. Right now utilities are doing well, so the price stays up. In fact the requirement that 90% of the fund must be paid out could lead to the declaration of an extra dividend as has been done in the past. If you dont Dividend Reinvest, you are really losing out. That is where the money is made in this type of investment. Not much Due Diligence done here, that's for sure. Find out about what you own!
Now intuicat, you just simmer down a bit. I've been investing in DNP for years and have enjoyed the steady but somewhat substandard dividend; And by buying right at different times I have supplemented the dividends with some real nice capital gains. I for one see no reason why DNP couldn't work its way back up toward $11 just like it has before. DNP isn't flashy but it has been steady and dependable which is more than can be said for many Closed End Funds.
Since utilities are doing so well, and since the fund requires 90% to be dispersed, will an extra dividend be declared as has been done in the past? The higher the price of the stock, axzl, the lower the interest, you know