BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, (BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND,) Retained Earnings : $32.84 Mil (As of Jan. 2022)

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What is BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND,'s retained earnings for the quarter that ended in Jan. 2022 was $32.84 Mil.

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND,'s quarterly retained earnings increased from Jan. 2021 ($71.23 Mil) to Jul. 2021 ($74.21 Mil) but then declined from Jul. 2021 ($74.21 Mil) to Jan. 2022 ($32.84 Mil).

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND,'s annual retained earnings increased from Jul. 2019 ($50.17 Mil) to Jul. 2020 ($60.26 Mil) and increased from Jul. 2020 ($60.26 Mil) to Jul. 2021 ($74.21 Mil).

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, Retained Earnings Historical Data

The historical data trend for BLACKROCK MUNIYIELD CALIFORNIA QUALITY 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.

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, Retained Earnings Chart

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Retained Earnings

1.36

0.95

50.17

60.26

74.21

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22
Retained Earnings	Get a 7-Day Free Trial					65.40	60.26	71.23	74.21	32.84

BLACKROCK MUNIYIELD CALIFORNIA QUALITY 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.

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, (NYSE:MCA) 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.

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, (BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC. (NYSE:MCA) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC. is a diversified, closed-end management investment company. The fund invests in the long-term municipal obligations that are investment grade quality at the time of investment. The fund's investment objective is to provide shareholders with current income exempt from U.S. federal and California income taxes as is consistent with its investment policies and prudent investment management.

Executives

Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Wells Fargo Bank N A	10 percent owner	101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104
Lorenzo Flores	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman	director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris	director	1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker	officer: Chief Financial Officer	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Cynthia Egan	director	7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Michael Perilli	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
Robert Crothers	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055

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