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Nuveen California Dividend Advantage Municipal Fun's yield on cost for the quarter that ended in Aug. 2016 was 5.33.
The historical rank and industry rank for Nuveen California Dividend Advantage Municipal Fun's 5-Year Yield-on-Cost % or its related term are showing as below:
During the past 6 years, Nuveen California Dividend Advantage Municipal Fun's highest Yield on Cost was 5.33. The lowest was 0.00. And the median was 0.00.
For the Asset Management subindustry, Nuveen California Dividend Advantage Municipal Fun'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.
For the Asset Management industry and Financial Services sector, Nuveen California Dividend Advantage Municipal Fun's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Nuveen California Dividend Advantage Municipal Fun's 5-Year Yield-on-Cost % falls into.
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 Nuveen California Dividend Advantage Municipal Fun is calculated as
Yield-on-Cost | = | Dividend Yield % | * | (1 | + | Dividend Growth Rate)^5 |
Nuveen California Dividend Advantage Municipal Fun (AMEX:NZH) 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.
Thank you for viewing the detailed overview of Nuveen California Dividend Advantage Municipal Fun's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher M. Rohrbacher | officer: Vice President | 333 W. WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606 |
Albin F Moschner | other: Trustee | C/O LURIO & ASSOCIATES, P.C., 2005 MARKET STREET, SUITE 3120, PHILADELPHIA PA 19103 |
Nathaniel T. Jones | officer: Vice President and Treasurer | C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606 |
Margaret L. Wolff | other: Trustee | C/O NUVEEN 333 W. WACKER DR., STE 3400, CHICAGO IL 60606 |
Sherri A Hlavacek | officer: Vice President and Treasurer | 333 WEST WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606 |
David J Lamb | officer: Vice President | 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606 |
John Kevin Nelson | other: Trustee | C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606 |
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Joel T. Slager | officer: Vice President | C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606 |
Steven M. Hlavin | other: Portfolio Manager | 333 W. WACKER DRIVE, SUITE 2900, CHICAGO IL 60606 |
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