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The earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
As of today (2024-04-28), the stock price of Allspring Global Dividend Opportunity Fund is $4.56. Allspring Global Dividend Opportunity Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2023 was $0.39. Therefore, Allspring Global Dividend Opportunity Fund's earnings yield of today is 8.62%.
The earnings yield does not consider the growth of the business. A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Allspring Global Dividend Opportunity Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 2023 was 10.29%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Earnings yield is the reciprocal of the P/E Ratio.
Allspring Global Dividend Opportunity Fund's Earnings Yield for today is calculated as
Earnings Yield | = | Earnings per Share (Diluted) (TTM) | / | Share Price |
= | 0.393 | / | 4.56 | |
= | 8.62 % |
For company reported semi-annually, Allspring Global Dividend Opportunity Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.393 Mil.
* 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.
It can also be calculated from the numbers for the whole company:
Earnings Yield | = | Net Income | / | Market Cap |
The earnings in the calculation is the Trailing Twelve Months earnings.
Allspring Global Dividend Opportunity Fund (NYSE:EOD) Earnings Yield % Explanation
If the P/E ratio is an indication of how many years it takes for the company to earn back the stock price shareholders pay to buy the shares, the earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
If a company loses money, the earnings yield is negative. This gives a more straightforward indication that the company is losing money. This is an advantage of using earnings yield instead of the P/E ratio in valuation. For valuation purposes, the P/B Ratio and the P/S Ratio should be used for companies that are losing money.
Like the P/E ratio, the earnings yield can be used to compare investments in different industries. It can even be used to compare the attractiveness of different asset classes such as bonds and cash. Of course, the earnings yield should not be the only factor in deciding which asset classes to invest.
Also similar to the P/E ratio, the earnings yield does not consider the growth of the business. A growing company with the same earnings yield should be more attractive than a company that has the same earnings yield but does not grow.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %.
Be Aware
Just like the P/E Ratio, non-recurring items such as selling part of the business, selling a previous investment, etc., can affect earnings yield dramatically. The earning yield is also a poor indication for cyclical companies. When a cyclical stock has a high earnings yield it is usually at the peak of its cycle.
Thank you for viewing the detailed overview of Allspring Global Dividend Opportunity Fund's Earnings Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer Lea Grunberg | officer: Chief Compliance Officer | 350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022 |
Paul Werner Felsch | officer: Chief Complaince Officer | 100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051 |
Jane A Freeman | director | ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
Christopher Micah Baker | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356 |
Karin Brotman | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105 |
Kate Sandman Mckinley | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210 |
Richard Matthew Prasse | officer: Secretary | WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704 |
Christopher M Lee | other: Portfolio Manager | WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
Silva Harindra De | other: Portfolio Manager | 550 SOUTH GRAND AVENUE, 23RD FLOOR, LOS ANGELES CA 90071 |
Dennis Bein | other: Portfolio Manager | 550 SOUTH GRAND AVENUE, 23RD FLOOR, LOS ANGELES CA 90071 |
Michael Joseph Schueller | other: Portfolio Manager | 100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400 |
Vincent J Fioramonti | other: Portfolio Manager | 10715 DAVID TAYLOR DRIVE, CHARLOTTE NC 28262 |
Gregory Mcmurran | other: Portfolio Manager | 550 SOUTH GRAND AVENUE, 23RD FLOOR, LOS ANGELES CA 90071 |
Megan Miller | other: Portfolio Manager | 555 W 5TH STREET, 50TH FLOOR, LOS ANGELES CA 90013 |
Justin P Carr | other: Portfolio Manager | 10715 DAVID TAYLOR DRIVE, CHARLOTTE NC 28262 |
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