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GRX (Gabelli Healthcare & WellnessRx Trust) 3-Year Dividend Growth Rate : 1.10% (As of Jun. 2024)


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What is Gabelli Healthcare & WellnessRx Trust 3-Year Dividend Growth Rate?

Gabelli Healthcare & WellnessRx Trust's Dividends per Share for the six months ended in Jun. 2024 was $0.30.

The historical rank and industry rank for Gabelli Healthcare & WellnessRx Trust's 3-Year Dividend Growth Rate or its related term are showing as below:

GRX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.1   Med: 3.6   Max: 64.6
Current: 1.1

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Gabelli Healthcare & WellnessRx Trust was 64.60% per year. The lowest was 1.10% per year. And the median was 3.60% per year.

GRX's 3-Year Dividend Growth Rate is ranked worse than
56.36% of 857 companies
in the Asset Management industry
Industry Median: 2.7 vs GRX: 1.10

During the past 3 years, the average Dividends Per Share Growth Rate was 1.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Gabelli Healthcare & WellnessRx Trust's Dividend Payout Ratio for the six months ended in Jun. 2024 was 0.00. As of today, Gabelli Healthcare & WellnessRx Trust's Dividend Yield % is 5.96%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Gabelli Healthcare & WellnessRx Trust is 7.5, which seems too high.

Warning Sign:

Gabelli Healthcare & WellnessRx Trust stock dividend yield is close to 2-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Gabelli Healthcare & WellnessRx Trust's 3-Year Dividend Growth Rate

For the Asset Management subindustry, Gabelli Healthcare & WellnessRx Trust's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.


Gabelli Healthcare & WellnessRx Trust's 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Healthcare & WellnessRx Trust's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Gabelli Healthcare & WellnessRx Trust's 3-Year Dividend Growth Rate falls into.



Gabelli Healthcare & WellnessRx Trust 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Gabelli Healthcare & WellnessRx Trust  (NYSE:GRX) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Gabelli Healthcare & WellnessRx Trust's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2024 )/ EPS without NRI (Q: Jun. 2024 )
=0.3/ -0.07
=N/A

During the past 7 years, the highest Dividend Payout Ratio of Gabelli Healthcare & WellnessRx Trust was 7.50. The lowest was 0.08. And the median was 0.24.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Gabelli Healthcare & WellnessRx Trust is 7.5, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Gabelli Healthcare & WellnessRx Trust Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1500002024-12-132024-12-132024-12-20Cash DividendquarterlyUSD:USD 1.000000
USD 0.1500002024-09-162024-09-162024-09-23Cash DividendquarterlyUSD:USD 1.000000
USD 0.1500002024-06-132024-06-132024-06-21Cash DividendquarterlyUSD:USD 1.000000
USD 0.1500002024-03-132024-03-142024-03-21Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Gabelli Healthcare & WellnessRx Trust's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.6/10.06
=5.96 %

Current Share Price is $10.06.
Gabelli Healthcare & WellnessRx Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.6.

During the past 7 years, the highest Dividend Yield of Gabelli Healthcare & WellnessRx Trust was 7.75%. The lowest was 1.17%. And the median was 5.09%.

Warning Sign:

Gabelli Healthcare & WellnessRx Trust stock dividend yield is close to 2-year low.

* 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.


Gabelli Healthcare & WellnessRx Trust 3-Year Dividend Growth Rate Related Terms>


Gabelli Healthcare & WellnessRx Trust Business Description

Traded in Other Exchanges
N/A
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Gabelli Healthcare & WellnessRx Trust operates as a diversified closed-end management investment company. The investment objective of the fund is the long-term growth of capital. The fund invests at least its assets in equity securities and income-producing securities of domestic and foreign companies in the healthcare and wellness industries. It invests in various sectors, of which Health Care Providers & Services, Food, Health Care Equipment and Supplies, and Pharmaceuticals account for the majority of the weightage.
Executives
Mario J Gabelli director 191 MASON STREET, GREENWICH CT 06830
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Agnes Mullady director ONE CORPORATE CENTER, RYE NY 10580
Calgary Avansino director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Leslie Fahrenkopf Foley director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Jonas Jeffrey J. Jr director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn director
Kuni Nakamura director 1 MARTIN BUTLER COURT, RYE NY 10580
Joseph H Egan officer: Treasurer ONE CORPORATE CENTER, RYE NY 10580
Bruce N Alpert officer: Acting President/Treasurer C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza director 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Thomas E Bratter director ONE CORPORATE CENTER, RYE NY 10580
Gpj Retirement Partners, Llc other: Limited Liability Company 1 CORPORATE CENTER, RYE NY 10580
Mjg Iv Limited Partnership other: Limited Partnership

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