Share Price Dropping Last 2 Weeks While NAV Increasing
The share price premium as of yesterday's close is down to +2.97% That's the lowest premium for many years. Anyone have an idea as to if Management will give the 5% discount on the dividend due next week if the price remains at the current premium that is under 5%?
The distribution was dripped into additional shares at $9.482 which was the NAV as of the close of business April 9, 2014 the day before the distribution was paid. So the discount was not 5% since DNP was trading for less that the 5% premium.
Is anyone interested in DNP as an investment and reading this board or is the board dead? I ask because I believe DNP is a good investment vehicle to grow wealth for the future.
Was looking at DNP as a income vehicle for my Mothers account...
She needs the income to live on. She has 100k in her account with Scott trade to live on so I need to
Find investments for her that are safe. She is 83 so not looking for growth ..
Any ideas ?