As of today (2024-04-23), the Trailing Annual Dividend Yield of GABELLI CONVERTIBLE &OME SECURITIES FUND is 13.53%.
Good Sign:
GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC stock dividend yield is close to 10-year high.
The historical rank and industry rank for GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividend Yield % or its related term are showing as below:
GCV'
s Dividend Yield % Range Over the Past 10 Years
Min: 1.81 Med: 8.86 Max: 14.86
Current: 13.53
During the past 7 years, the highest Dividend Yield of GABELLI CONVERTIBLE &OME SECURITIES FUND was 14.86%. The lowest was 1.81%. And the median was 8.86%.
GCV's Dividend Yield % is ranked better than 94.4% of 1215
companies
in the Asset Management industry
Industry Median: 5.67
vs GCV: 13.53
GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividend Payout Ratio for the
six
months ended in Dec. 2022 was 0.00.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC is 16, which seems too high.
During the past 7 years, the highest Dividend Payout Ratio of GABELLI CONVERTIBLE &OME SECURITIES FUND was 16.00. The lowest was 0.14. And the median was 0.34.
As of today (2024-04-23), the Forward Dividend Yield % of GABELLI CONVERTIBLE &OME SECURITIES FUND is 13.53%.
GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividends per Share for the
six
months ended in Dec. 2022 was $0.24.
During the past 5 years, the average Dividends Per Share Growth Rate was 0.70% per year.
During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of GABELLI CONVERTIBLE &OME SECURITIES FUND was 61.50% per year. The lowest was 4.20% per year. And the median was 32.85% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
GABELLI CONVERTIBLE &OME SECURITIES FUND Dividend Yield % Historical Data
The historical data trend for GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividend Yield % 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.
GABELLI CONVERTIBLE &OME SECURITIES FUND Annual Data
For the Asset Management subindustry, GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GABELLI CONVERTIBLE &OME SECURITIES FUND Dividend Yield % Distribution
For the Asset Management industry and Financial Services sector, GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividend Yield % falls into.
GABELLI CONVERTIBLE &OME SECURITIES FUND Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
GABELLI CONVERTIBLE &OME SECURITIES FUND Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.120
2024-03-13
2024-03-14
2024-03-21
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.120
2023-12-14
2023-12-15
2023-12-22
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.120
2023-09-14
2023-09-15
2023-09-22
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.120
2023-06-14
2023-06-15
2023-06-23
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
GABELLI CONVERTIBLE &OME SECURITIES FUND's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.48
/
3.545
=
13.54 %
Current Share Price is $3.545.
GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.48.
GABELLI CONVERTIBLE &OME SECURITIES FUND's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.48
/
3.545
=
13.54 %
Current Share Price is $3.545.
GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividends per Share for the forward twelve months is calculated as $0.12 * 4 = $0.48.
* 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.
GABELLI CONVERTIBLE &OME SECURITIES FUND (NYSE:GCV) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
GABELLI CONVERTIBLE &OME SECURITIES FUND Dividend Yield % Related Terms
Thank you for viewing the detailed overview of GABELLI CONVERTIBLE &OME SECURITIES FUND's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
GABELLI CONVERTIBLE &OME SECURITIES FUND (GABELLI CONVERTIBLE &OME SECURITIES FUND) Business Description
GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC is a diversified closed-end management investment company. Its investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The company invests in various portfolios such as Health Care, Financial Services, Energy and Utilities, Telecommunications, Food and Beverage, Aerospace and Automotive and others. All the operation of the group is operated through the regions of United States.
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