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.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus Convertible & Income 2024 Target Term Fund is 5.02, which seems too high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's 5-Year Dividend Growth Rate
For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term Fund's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-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.
Virtus Convertible &ome 2024 Target Term Fund's 5-Year Dividend Growth Rate Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's 5-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's 5-Year Dividend Growth Rate falls into.
Virtus Convertible &ome 2024 Target Term Fund 5-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 least square regression.
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.
Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) 5-Year Dividend Growth Rate Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio for the quarter that ended in Jan. 2023 is calculated as
During the past 5 years, the highest Dividend Payout Ratio of Virtus Convertible &ome 2024 Target Term Fund was 5.02. The lowest was 0.39. And the median was 1.17.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus Convertible & Income 2024 Target Term Fund is 5.02, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Virtus Convertible &ome 2024 Target Term Fund Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.027
2024-04-10
2024-04-11
2024-04-29
Cash Dividend
monthly
USD:USD 1.000000
USD 0.027
2024-03-08
2024-03-11
2024-03-28
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2024-02-09
2024-02-12
2024-02-28
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2024-01-11
2024-01-12
2024-01-30
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-12-08
2023-12-11
2024-01-02
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-11-10
2023-11-13
2023-12-01
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-10-11
2023-10-12
2023-11-01
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-09-08
2023-09-11
2023-10-02
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-08-10
2023-08-11
2023-09-01
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-07-12
2023-07-13
2023-08-01
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-06-09
2023-06-12
2023-07-03
Cash Dividend
monthly
USD:USD 1.000000
USD 0.046
2023-05-10
2023-05-11
2023-06-01
Cash Dividend
monthly
USD: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.
Virtus Convertible &ome 2024 Target Term Fund's Dividend Yield (%) for Today is calculated as
Current Share Price is $8.93.
Virtus Convertible &ome 2024 Target Term Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.514.
During the past 5 years, the highest Dividend Yield of Virtus Convertible &ome 2024 Target Term Fund was 7.69%. The lowest was 5.06%. And the median was 6.07%.
* 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 5-Year Dividend Growth Rate Related Terms
Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's 5-Year Dividend Growth Rate 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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