Duff & Phelps Select MLP & Midstream Energy Fund I (Duff & Phelps Select MLP & Midstream Energy Fund I) Retained Earnings : $-348.23 Mil (As of Nov. 2020)

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What is Duff & Phelps Select MLP & Midstream Energy Fund I Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Duff & Phelps Select MLP & Midstream Energy Fund I's retained earnings for the quarter that ended in Nov. 2020 was $-348.23 Mil.

Duff & Phelps Select MLP & Midstream Energy Fund I's quarterly retained earnings stayed the same from Nov. 2019 ($0.00 Mil) to May. 2020 ($0.00 Mil) but then declined from May. 2020 ($0.00 Mil) to Nov. 2020 ($-348.23 Mil).

Duff & Phelps Select MLP & Midstream Energy Fund I's annual retained earnings increased from Nov. 2018 ($-247.29 Mil) to Nov. 2019 ($0.00 Mil) but then declined from Nov. 2019 ($0.00 Mil) to Nov. 2020 ($-348.23 Mil).

Duff & Phelps Select MLP & Midstream Energy Fund I Retained Earnings Historical Data

The historical data trend for Duff & Phelps Select MLP & Midstream Energy Fund I's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Duff & Phelps Select MLP & Midstream Energy Fund I Retained Earnings Chart

Duff & Phelps Select MLP & Midstream Energy Fund I Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Retained Earnings

-14.19

-247.29

-348.23

Duff & Phelps Select MLP & Midstream Energy Fund I Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20
Retained Earnings	Get a 7-Day Free Trial			-247.29	-243.22	-	-	-348.23

Duff & Phelps Select MLP & Midstream Energy Fund I Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Duff & Phelps Select MLP & Midstream Energy Fund I (NYSE:DSE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Duff & Phelps Select MLP & Midstream Energy Fund I (Duff & Phelps Select MLP & Midstream Energy Fund I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Duff & Phelps Select MLP & Midstream Energy Fund I (NYSE:DSE) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://www.virtus.com

Duff & Phelps Select MLP & Midstream Energy Fund Inc. is a closed-end management investment company. Its investment objective is to seek a high total return resulting from a combination of current tax-deferred distributions and capital appreciation. The Fund invests at least 80% of its managed assets in energy master limited partnerships (MLPs) and midstream energy companies that are not organized as MLPs.

Executives

Grumhaus David D Jr.	other: Portfolio Manager	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Charles John Georgas	other: Portfolio Manager	200 S. WACKER DRIVE SUITE 200 CHICAGO IL 60606
Rodney C Clayton	other: Portfolio Manager	C/O DUFF & PHELPS INVESTMENT MANAGEMENT 200 SOUTH WACKER DRIVE, SUITE 500 CHICAGO IL 60606
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sidney E Harris	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
John R Mallin	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Donald C Burke	director	C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Rogers James B Jr	director	14 WESLEY STREET, HAMILTON D0 HM11
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
James M Oates	director	C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Massachusetts Mutual Life Insurance Co	10 percent owner	1295 STATE STREET, SPRINGFIELD MA 01111
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Nathan I Partain	officer: Chief Investment Officer, other: Director of the Subadviser	DNP SELECT INCOME FUND INC, 55 E. MONROE, STE. 3600, CHICAGO IL 60603