HIE (Miller/Howard Highome Equity Fund) Retained Earnings : $-21.16 Mil (As of Apr. 2024)

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What is Miller/Howard Highome Equity Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Miller/Howard Highome Equity Fund's retained earnings for the quarter that ended in Apr. 2024 was $-21.16 Mil.

Miller/Howard Highome Equity Fund's quarterly retained earnings declined from Apr. 2023 ($-34.63 Mil) to Oct. 2023 ($-39.40 Mil) but then increased from Oct. 2023 ($-39.40 Mil) to Apr. 2024 ($-21.16 Mil).

Miller/Howard Highome Equity Fund's annual retained earnings increased from Oct. 2021 ($-36.69 Mil) to Oct. 2022 ($-35.76 Mil) but then declined from Oct. 2022 ($-35.76 Mil) to Oct. 2023 ($-39.40 Mil).

Miller/Howard Highome Equity Fund Retained Earnings Historical Data

The historical data trend for Miller/Howard Highome Equity 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.

Miller/Howard Highome Equity Fund Retained Earnings Chart

Miller/Howard Highome Equity Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Retained Earnings

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-58.75

-113.08

-36.69

-35.76

-39.40

Miller/Howard Highome Equity Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Retained Earnings	Get a 7-Day Free Trial									-30.31	-35.76	-34.63	-39.40	-21.16

Miller/Howard Highome Equity 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.

Miller/Howard Highome Equity Fund (NYSE:HIE) 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.

Miller/Howard Highome Equity Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miller/Howard High Income Equity Fund (NYSE:HIE) » Definitions » Retained Earnings

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Address

45 Pine Grove Avenue, Suite 301, Kingston, NY, USA, 12401

Website

https://www.hiefund.com

Miller/Howard High Income Equity Fund is a closed-end, diversified management investment company. The fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It invests under normal market conditions, a majority of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. Its portfolio of investments consists of securities of different sectors such as Natural Gas Transmission, Real Estate Investment Trusts, Petroleum Refining, Oil and Gas Extraction, Electric Services and others.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Paul Charles Kazarian	director	C/O SABA CAPITAL MANAGEMENT, L.P., 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
James E Hillman	director	10 DIXON AVENUE, WOODSTOCK NY 12498
Eva M Horowitz	officer: Secretary	45 PINE GROVE AVENUE, SUITE 301, KINGSTON NY 12401
Sacco Mayra	director	10 DIXON AVE, WOODSTOCK NY 12498
Catherine Mari Johnston	director, officer: President	10 DIXON AVE, WOODSTOCK NY 12498
Dana Troxell	officer: President	C/O MILLER/HOWARD HIGH EQUITY INCOME FND, P.O. BOX 549, WOODSTOCK NY 12498
Lowell Miller	officer: Chief Executive Officer	PO BOX 549, WOODSTOCK NY 12498
Roger Conrad	director	3516 HALCYON DRIVE, ALEXANDRIA VA 22305
Charles I Leone	director	C/O US WIRELESS DATA INC, 805 THIRD AVENUE, NEW YORK NY 10022
Paul Brook	officer: Chief Compliance Officer	MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498
Helen Hamada	officer: Chief Financial Officer	PO BOX 549, WOODSTOCK NY 12498
Annemarie Gilly	officer: Chief Operating Officer	PO BOX 549, WOODSTOCK NY 12498
Leslie John E Iii	officer: Vice President	MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498