What is Virtus Convertible &ome 2024 Target Term Fund Total Payout Yield %?
Total Payout Yield % is the percent a company has paid to its shareholders through net repurchases of shares and dividends based on its Market Cap. It is a measure of shareholder return.
* 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.
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Virtus Convertible &ome 2024 Target Term Fund Total Payout Yield % Chart
Virtus Convertible &ome 2024 Target Term Fund Annual Data
Trend
Feb19
Feb20
Feb21
Jan23
Jan24
Total Payout Yield %
6.13
6.04
5.49
7.14
6.80
Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Total Payout Yield %
For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term Fund's Total Payout Yield %, along with its competitors' market caps and Total Payout Yield % 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.
Virtus Convertible &ome 2024 Target Term Fund's Total Payout Yield % Distribution in the Asset Management Industry
* 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.
Virtus Convertible &ome 2024 Target Term Fund Total Payout Yield % Explanation
Similar to Dividend Yield, Total Payout Yield % is a measurement of shareholder return. Dividends is not the only way that companies are able to distribute their excess cash back to the shareholders. The other way to distribute the cash is a stock repurchase. The stock repurchase buys back the company's own shares from the marketplace. This results in a reduced number of oustanding shares, making each share worth a greater percentage of the corporation.
Virtus Convertible &ome 2024 Target Term Fund Total Payout Yield % Related Terms
Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Total Payout Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description
AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.
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