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First Trust Highome Long/Short Fund's yield on cost for the quarter that ended in Oct. 2023 was 10.38.
The historical rank and industry rank for First Trust Highome Long/Short Fund's 5-Year Yield-on-Cost % or its related term are showing as below:
During the past 7 years, First Trust Highome Long/Short Fund's highest Yield on Cost was 11.90. The lowest was 7.43. And the median was 8.75.
For the Asset Management subindustry, First Trust Highome Long/Short 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.
For the Asset Management industry and Financial Services sector, First Trust Highome Long/Short Fund's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where First Trust Highome Long/Short Fund'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 First Trust Highome Long/Short Fund is calculated as
Yield-on-Cost | = | Dividend Yield % | * | (1 | + | Dividend Growth Rate)^5 |
First Trust Highome Long/Short Fund (NYSE:FSD) 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 First Trust Highome Long/Short Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bronwyn Wright | director | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Cameron S White | other: Portfolio Manager Sub-Advisor | MACKAY SHIELDS, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
M Keefe Denise | director | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Eric Gold | other: Portfolio Manager Sub-Advisor | C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Kelly Catherine Dehler | other: Officer - Investment Advisor | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Scott Michael Friske | other: Officer - Investment Advisor | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Shu Yang Tan | other: Portfolio Mgr. Sub-Advisor | MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105 |
Matthew Lowry Jacob | other: Portfolio Mgr. Sub-Advisor | MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105 |
Joseph Raymond Cantwell | other: Portfolio Mgr. Sub-Advisor | ALCENTRA NY, LLC, 200 PARK AVENUE, NEW YORK NY 10106 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
David Mcgarel | other: Officer - Investment Adviser | C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
James A Bowen | director, officer: President, other: Officer - Investment Adviser | C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Louis N. Cohen | other: Member of Investment Team | MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Shane Shannon | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
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