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Herzfeld Caribbean Basin Fund (Herzfeld Caribbean Basin Fund) 5-Year Yield-on-Cost % : 102.14 (As of May. 05, 2024)


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What is Herzfeld Caribbean Basin Fund 5-Year Yield-on-Cost %?

Herzfeld Caribbean Basin Fund's yield on cost for the quarter that ended in Dec. 2023 was 102.14.


The historical rank and industry rank for Herzfeld Caribbean Basin Fund's 5-Year Yield-on-Cost % or its related term are showing as below:

CUBA' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 9.89   Med: 76.31   Max: 166.3
Current: 102.14


During the past 6 years, Herzfeld Caribbean Basin Fund's highest Yield on Cost was 166.30. The lowest was 9.89. And the median was 76.31.


CUBA's 5-Year Yield-on-Cost % is ranked better than
99.26% of 1212 companies
in the Asset Management industry
Industry Median: 5.99 vs CUBA: 102.14

Competitive Comparison of Herzfeld Caribbean Basin Fund's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Herzfeld Caribbean Basin 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.


Herzfeld Caribbean Basin Fund's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Herzfeld Caribbean Basin Fund's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Herzfeld Caribbean Basin Fund's 5-Year Yield-on-Cost % falls into.



Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin Fund is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Herzfeld Caribbean Basin Fund  (NAS:CUBA) 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.


Herzfeld Caribbean Basin Fund 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of Herzfeld Caribbean Basin Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.


Herzfeld Caribbean Basin Fund (Herzfeld Caribbean Basin Fund) Business Description

Traded in Other Exchanges
N/A
Address
119 Washington Avenue, Suite 504, Miami Beach, FL, USA, 33139
Herzfeld Caribbean Basin Fund Inc operates as a closed-end management investment company. The company's investment objective is to obtain long-term capital appreciation. The firm offers customized discretionary account management and fund management services to individual and institutional investors. The fund invests in equity and equity-linked securities of public and private companies, including United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country. The fund's revenue source is through the dividends it receives. Its investments are geographically allocated in the United States followed by Puerto Rico, Mexico, and other countries.
Executives
Thomas J Herzfeld director, officer: President THE HERZFELD CARIBBEAN BASIN FUND INC, 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Erik Mervin Herzfeld officer: Portfolio Manager THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE. SUITE 504, MIAMI BEACH FL 33139
Ryan M Paylor other: Portfolio Manager THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Cecilia L Gondor officer: Secretary/Treasurer THE HERZFELD CARIBBEAN BASIN FUND INC, 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Zachary Paul Richmond officer: Treasurer C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Alice Tham officer: Secretary C/O THOMAS J. HERZFELD ADVISORS, INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Thomas K Morgan officer: CCO C/O THOMAS J. HERZFELD ADVISORS, INC., 119 WASHINGTON AVE, MIAMI BEACH FL 33139
Jose Raphael Oro other: Access Person 17 OLD ORCHARD ROAD, NORTH HAVEN CT 06473
Teofilo Abraham Babun other: Access Person 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Kay W Tatum director 122 SEVILLA AVE, APT 1713, CORAL GABLES FL 33134
Lee Reanna J.m. officer: Secretary/Treasurer/CCO 119 WASHINGTON AVE, STE 504, MIAMI BEACH FL 33139
John A Gelety director THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Ann S Lieff director THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Michael A Rubin director 420 SOUTH DIXIE HIGHWAY, STE 4-B, CORAL GABLES FL 33176