A DC converter comprises a single primary circuit which is coupled to each of a plurality of output circuits in respective time periods, the coupling being provided by switching in the output circuits. Each output circuit produces a respective output voltage and a respective feedback signal which is coupled as a control signal to the primary circuit during the respective time periods, so that each output voltage is regulated substantially independently of each other output voltage. The time periods for the different output circuits can be equal or different, and can be dynamically changed depending on error voltages of the output circuits.