Dividend To Observe: $0.22 dividends are now a reality for Duff & Phelps Select Energy MLP Fund Inc. (NYSE:DSE) shareholders. Here’s why.

Dividend To Observe: $0.22 dividends are now a reality for Duff & Phelps Select Energy MLP Fund Inc. (NYSE:DSE) shareholders. Here's why.

Duff & Phelps Select Energy MLP Fund Inc. (NYSE:DSE) is expected to pay $0.22 on Nov 21, 2016. The indicated annual dividend is $0.88. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Duff & Phelps Select Energy MLP Fund Inc.’s current price of $7.40, the dividend is 2.97%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 2, 2016. The stock increased 1.93% or $0.14 on November 7, hitting $7.4. Duff & Phelps Select Energy MLP Fund Inc (NYSE:DSE) has risen 47.68% since April 5, 2016 and is uptrending. It has outperformed by 45.72% the S&P500.

Duff & Phelps Select Energy MLP Fund Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $190.13 million. The Fund’s investment objective is to seek a high level of total return resulting from a combination of current tax-deferred distributions and capital appreciation. It currently has negative earnings. The Fund invests approximately 80% of its managed assets in energy master limited partnerships (MLPs).

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