The historical rank and industry rank for Nuveen MI Qualityome Muni Fund's 5-Year Yield-on-Cost % or its related term are showing as below:
NUM'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.77
Current: 3.77
During the past 10 years, Nuveen MI Qualityome Muni Fund's highest Yield on Cost was 3.77. The lowest was 0.00. And the median was 0.00.
NUM's 5-Year Yield-on-Cost % is not ranked
in the Asset Management industry.
Industry Median: 5.925
vs NUM: 3.77
Competitive Comparison of Nuveen MI Qualityome Muni Fund's 5-Year Yield-on-Cost %
For the Asset Management subindustry, Nuveen MI Qualityome Muni 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.
Nuveen MI Qualityome Muni Fund's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen MI Qualityome Muni Fund's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Nuveen MI Qualityome Muni Fund's 5-Year Yield-on-Cost % falls into.
Nuveen MI Qualityome Muni 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.
Nuveen MI Qualityome Muni Fund (NYSE:NUM) 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.
Nuveen MI Qualityome Muni Fund 5-Year Yield-on-Cost % Related Terms
Thank you for viewing the detailed overview of Nuveen MI Qualityome Muni Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen MI Qualityome Muni Fund (Nuveen MI Qualityome Muni Fund) Business Description
Nuveen MI Quality Income Muni Fund Inc is a closed-end investment company. The fund's investment objective is to provide current income exempt from both regular federal and designated state income taxes by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain U.S. territories. The company's portfolio of investments includes Consumer Staples, Education, and Civic Organizations, Health Care, Transportation, Utilities, and others.
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