First Trust Energyome & Growth Fund's yield on cost for the quarter that ended in Nov. 2023 was 2.90.
The historical rank and industry rank for First Trust Energyome & Growth Fund's 5-Year Yield-on-Cost % or its related term are showing as below:
FEN'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.14 Med: 3.48 Max: 10.23
Current: 2.9
During the past 13 years, First Trust Energyome & Growth Fund's highest Yield on Cost was 10.23. The lowest was 2.14. And the median was 3.48.
FEN's 5-Year Yield-on-Cost % is ranked worse than 78.13% of 1216
companies
in the Asset Management industry
Industry Median: 6.08
vs FEN: 2.90
Competitive Comparison
For the Asset Management subindustry, First Trust Energyome & Growth Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.
First Trust Energyome & Growth Fund 5-Year Yield-on-Cost % Distribution
For the Asset Management industry and Financial Services sector, First Trust Energyome & Growth Fund's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where First Trust Energyome & Growth Fund's 5-Year Yield-on-Cost % falls into.
First Trust Energyome & Growth Fund 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of First Trust Energyome & Growth Fund is calculated as
First Trust Energyome & Growth Fund (AMEX:FEN) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
First Trust Energyome & Growth Fund 5-Year Yield-on-Cost % Related Terms
Thank you for viewing the detailed overview of First Trust Energyome & Growth Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
First Trust Energyome & Growth Fund (First Trust Energyome & Growth Fund) Business Description
First Trust Energy Income & Growth Fund is a non-diversified, closed-end management investment company. Its investment objectives are to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The company focuses on investing in a portfolio of cash-generating securities of energy companies as well as in other equity securities. In order to earn high income and growth, the company invests in publicly-traded master limited partnerships (MLPs) and related public entities in the energy sector such as midstream oil and gas, coal, propane, and marine transportation.
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