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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Herzfeld Caribbean Basin Fund's retained earnings for the quarter that ended in Dec. 2023 was $13.54 Mil.
Herzfeld Caribbean Basin Fund's quarterly retained earnings increased from Dec. 2022 ($5.42 Mil) to Jun. 2023 ($13.52 Mil) and increased from Jun. 2023 ($13.52 Mil) to Dec. 2023 ($13.54 Mil).
Herzfeld Caribbean Basin Fund's annual retained earnings declined from Jun. 2021 ($13.56 Mil) to Jun. 2022 ($5.59 Mil) but then increased from Jun. 2022 ($5.59 Mil) to Jun. 2023 ($13.52 Mil).
The historical data trend for Herzfeld Caribbean Basin Fund's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Herzfeld Caribbean Basin Fund Annual Data | |||||||||||||||
Trend | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | 6.51 | -4.81 | 13.56 | 5.59 | 13.52 |
Herzfeld Caribbean Basin Fund Semi-Annual Data | |||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | 14.60 | 5.59 | 5.42 | 13.52 | 13.54 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Herzfeld Caribbean Basin Fund (NAS:CUBA) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
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 |
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