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Ellsworth Growth andome Fund (Ellsworth Growth andome Fund) Retained Earnings : $3.75 Mil (As of Sep. 2023)


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What is Ellsworth Growth andome Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ellsworth Growth andome Fund's retained earnings for the quarter that ended in Sep. 2023 was $3.75 Mil.

Ellsworth Growth andome Fund's quarterly retained earnings increased from Sep. 2022 ($6.38 Mil) to Mar. 2023 ($11.42 Mil) but then declined from Mar. 2023 ($11.42 Mil) to Sep. 2023 ($3.75 Mil).

Ellsworth Growth andome Fund's annual retained earnings declined from Sep. 2021 ($79.34 Mil) to Sep. 2022 ($6.38 Mil) and declined from Sep. 2022 ($6.38 Mil) to Sep. 2023 ($3.75 Mil).


Ellsworth Growth andome Fund Retained Earnings Historical Data

The historical data trend for Ellsworth Growth andome 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.

* Premium members only.

Ellsworth Growth andome Fund Retained Earnings Chart

Ellsworth Growth andome Fund Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.37 60.22 79.34 6.38 3.75

Ellsworth Growth andome Fund Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.34 45.96 6.38 11.42 3.75

Ellsworth Growth andome Fund Retained Earnings Calculation

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.


Ellsworth Growth andome Fund  (AMEX:ECF) 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.


Ellsworth Growth andome Fund (Ellsworth Growth andome Fund) Business Description

Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Ellsworth Growth and Income Fund Ltd operate as a closed-end, diversified management investment company. Its investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. The company invests in convertible and equity securities. It invests in various sectors, such as healthcare, financial services, computer software and services, energy and utilities, real estate investment trusts, semiconductors, telecommunications, business services, food and beverage, consumer products, transportation, consumer services among others.
Executives
Anthonie C Vanekris director ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Kuni Nakamura director 1 MARTIN BUTLER COURT, RYE NY 10580
James Andrew Dinsmore officer: Vice President C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
Kinchen C Bizzell director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
James P Conn director
Gary I Levine other: former Exec. VP and CFO C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Nicolas W Platt director C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVENUE, MORRISTOWN NJ 07960
Michael J Melarkey director ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady officer: Treasurer ONE CORPORATE CENTER, RYE NY 10580
Mario J Gabelli director, other: Control Person of Adviser 191 MASON STREET, GREENWICH CT 06830
Fahrenkopf Frank J Jr director ONE CORPORATE CENTER, RYE NY 10580
Davis Dinsmore Management Co/nj other: Investment Adviser 65 MADISON AVE, SUITE 550, MORRISTOWN NJ 07960
Thomas H Dinsmore director, officer: Chairman of the Board C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960

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