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DFP (Flaherty & Crumrine Pref&Inc Allocation) Retained Earnings : $-59.61 Mil (As of May. 2024)


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What is Flaherty & Crumrine Pref&Inc Allocation Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Flaherty & Crumrine Pref&Inc Allocation's retained earnings for the quarter that ended in May. 2024 was $-59.61 Mil.

Flaherty & Crumrine Pref&Inc Allocation's quarterly retained earnings increased from May. 2023 ($-105.17 Mil) to Nov. 2023 ($-90.05 Mil) and increased from Nov. 2023 ($-90.05 Mil) to May. 2024 ($-59.61 Mil).

Flaherty & Crumrine Pref&Inc Allocation's annual retained earnings declined from Nov. 2021 ($55.92 Mil) to Nov. 2022 ($-66.13 Mil) and declined from Nov. 2022 ($-66.13 Mil) to Nov. 2023 ($-90.05 Mil).


Flaherty & Crumrine Pref&Inc Allocation Retained Earnings Historical Data

The historical data trend for Flaherty & Crumrine Pref&Inc Allocation'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.

Flaherty & Crumrine Pref&Inc Allocation Retained Earnings Chart

Flaherty & Crumrine Pref&Inc Allocation Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Retained Earnings
Get a 7-Day Free Trial 45.79 51.99 55.92 -66.13 -90.05

Flaherty & Crumrine Pref&Inc Allocation Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 -22.50 -66.13 -105.17 -90.05 -59.61

Flaherty & Crumrine Pref&Inc Allocation 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.


Flaherty & Crumrine Pref&Inc Allocation  (NYSE:DFP) 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.


Flaherty & Crumrine Pref&Inc Allocation Business Description

Traded in Other Exchanges
N/A
Address
301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Flaherty & Crumrine Pref&Inc Allocation is a diversified, closed-end management investment company. Its investment objective is to seek total return, with an emphasis on high current income.
Executives
Bradford S Stone officer: CFO and Treasurer, other: Affiliate of Inv. Adviser 47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert E Chadwick officer: CFO, VP & Treasurer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert F Wulf director 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Chad Conwell officer: CCO, VP and Secretary 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger officer: President 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Morgan Gust director C/O COBIZ FINANCIAL INC., 821 SEVENTEENTH STREET, DENVER CO 80202
Donald F Crumrine director, officer: Chief Executive Officer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
David Gale director 220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Karen Hanovice Hogan director 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Laurie C Lodolo officer: Asst-CompOfficer/Treas/Sec 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc other: Investment Adviser 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Robert T. Flaherty other: Affiliated person Inv. Adviser 301 EAST COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101

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