About Duff & Phelps Select MLP and Midstream Energy Fund (DSE) — Dividend Analysis 2026
Duff & Phelps Select MLP and Midstream Energy Fund Inc. (the Fund), formerly Duff & Phelps Select Energy MLP Fund Inc., is a non-diversified, closed-end management investment company. 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. The Fund may invest up to 20% of its managed assets in securities of issuers either in the energy sector and that are not MLPs or that produce products that are primarily for the use of companies in the energy sector (such as sand miners, certain chemical companies and coking coal processors). The Fund invests in midstream energy companies that includes entities that gather, process, market and transport energy assets, such as crude oil, natural gas, refined products, and natural gas liquids. Virtus Alternative Investment Advisers, Inc. is the investment advisor to the Fund. Duff & Phelps Investment Management Co. is the sub advisor for the Fund.
Is DSE a good dividend investment in 2026?
DSE offers a 357.85% forward yield with a 50% payout ratio. Strand Safety Score: N/A. The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
DSE DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your DSE portfolio grows to $40479.55M vs $367.9K without reinvestment. This is the compound interest effect in action.
DSE dividend growth history & forecast
DSE has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 357.85%.
ETFs do not file income statements or cash flow statements. Their dividend safety depends on the underlying index quality, fund methodology, and holdings composition. Use the Holdings page to analyze individual stocks in this fund.
🌍 DSE Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold DSE.
Gross yield
357.85%
Tax rate
15.00%
After-tax yield
304.17%
Real yield (−CPI)
301.37%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
357.85%
355.05%
$35,785 / yr
🇺🇸 US Taxable (15%) ✓
15%
304.17%
301.37%
$30,417 / yr
🇺🇸 US Taxable (20%)
20%
286.28%
283.48%
$28,628 / yr
🇬🇧 UK ISA
0%
357.85%
355.05%
$35,785 / yr
🇬🇧 UK Taxable
8.75%
326.54%
323.74%
$32,654 / yr
🇨🇦 TFSA
0%
357.85%
355.05%
$35,785 / yr
🇨🇦 CA Taxable
25%
268.39%
265.59%
$26,839 / yr
🇦🇺 Super (pension)
15%
304.17%
301.37%
$30,417 / yr
🇦🇺 AU Taxable
30%
250.50%
247.69%
$25,050 / yr
🇩🇪 DE Taxable
26.375%
263.47%
260.67%
$26,347 / yr
🇫🇷 FR Taxable
30%
250.50%
247.69%
$25,050 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 DSE Income Goal & Break-Even
Dividend Break-Even
1yr
Years for dividends to fully repay your DSE investment of $9.49/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$11632.43M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$11632.43M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in DSE for:
Shares needed
832
Capital required
$7,896
Monthly income
$2,000
Based on current dividend of $33.96/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 DSE Dividend Payment Schedule
DSE pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$72.16 / payment
$288.66 / year after tax
100 shares
$721.65 / payment
$2886.60 / year after tax
1,000 shares
$7216.50 / payment
$28866.00 / year after tax
📊 DSE vs Financial Services Benchmarks
How DSE compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+354.95% vs sectorBetter
DSE
357.85%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
DSE
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
DSE
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for DSE sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ DSE Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the DSE dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →