DPG (Duff & Phelps Utility & Infrastructure Fund) Retained Earnings : $6.15 Mil (As of Apr. 2024)

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What is Duff & Phelps Utility & Infrastructure Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Duff & Phelps Utility & Infrastructure Fund's retained earnings for the quarter that ended in Apr. 2024 was $6.15 Mil.

Duff & Phelps Utility & Infrastructure Fund's quarterly retained earnings declined from Apr. 2023 ($5.00 Mil) to Oct. 2023 ($-26.76 Mil) but then increased from Oct. 2023 ($-26.76 Mil) to Apr. 2024 ($6.15 Mil).

Duff & Phelps Utility & Infrastructure Fund's annual retained earnings declined from Oct. 2021 ($20.45 Mil) to Oct. 2022 ($13.65 Mil) and declined from Oct. 2022 ($13.65 Mil) to Oct. 2023 ($-26.76 Mil).

Duff & Phelps Utility & Infrastructure Fund Retained Earnings Historical Data

The historical data trend for Duff & Phelps Utility & Infrastructure Fund'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.

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Duff & Phelps Utility & Infrastructure Fund Retained Earnings Chart

Duff & Phelps Utility & Infrastructure Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Retained Earnings

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31.73

-113.89

20.45

13.65

-26.76

Duff & Phelps Utility & Infrastructure Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Retained Earnings	Get a 7-Day Free Trial									25.83	13.65	5.00	-26.76	6.15

Duff & Phelps Utility & Infrastructure Fund 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 Utility & Infrastructure Fund (NYSE:DPG) 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 Utility & Infrastructure Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Duff & Phelps Utility & Infrastructure Fund Inc. (NYSE:DPG) » Definitions » Retained Earnings

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Address

200 South Wacker Drive, Suite 500, Chicago, IL, USA, 60606

Website

https://www.dpimc.com

Duff & Phelps Utility & Infrastructure Fund Inc. is an investment fund. Its investment objective is to seek total return, resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income.

Executives

Grumhaus David D Jr.	other: Officer of the Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
Eric Elvekrog	other: Officer of Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Mareile B. Cusack	director	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi	officer: CCO	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
Ellen Lyerly Elberfeld	other: Officer of Investment Adviser	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Nikita K Thaker	officer: Vice President*	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Bradley William Patrick Iii	other: Officer of Adviser	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Jacqueline Porter	officer: Vice President	100 PEARL STREET, HARTFORD CT 06103
Hoffman Clifford W. Jr.	director	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
David J Vitale	director	C/O DNP SELECT INCOME FUND INC., 55 EAST MONROE ST, CHICAGO IL 60603
Christian H Poindexter	director	C/O BALTIMORE GAS AND ELECTRIC COMPANY, P.O. BOX 1475, BALTIMORE MD 21203
Deborah A Jansen	officer: Chief Investment Officer	55 E MONROE ST 36TH FLOOR, CHICAGO IL 60603
Daniel Petrisko	officer: Assistant Secretary	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Metropolitan Life Insurance Co/ny	10 percent owner	200 PARK AVENUE, NEW YORK NY 10166