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MAV (Pioneer Muni Highome Advantage Tr) 5-Year Yield-on-Cost % : 2.90 (As of Dec. 12, 2024)


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What is Pioneer Muni Highome Advantage Tr 5-Year Yield-on-Cost %?

Pioneer Muni Highome Advantage Tr's yield on cost for the quarter that ended in Sep. 2024 was 2.90.


The historical rank and industry rank for Pioneer Muni Highome Advantage Tr's 5-Year Yield-on-Cost % or its related term are showing as below:

MAV' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.57   Med: 3.81   Max: 5.22
Current: 2.9


During the past 7 years, Pioneer Muni Highome Advantage Tr's highest Yield on Cost was 5.22. The lowest was 2.57. And the median was 3.81.


MAV's 5-Year Yield-on-Cost % is ranked worse than
79.22% of 1179 companies
in the Asset Management industry
Industry Median: 5.8 vs MAV: 2.90

Competitive Comparison of Pioneer Muni Highome Advantage Tr's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Pioneer Muni Highome Advantage Tr's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.


Pioneer Muni Highome Advantage Tr's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Muni Highome Advantage Tr's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Pioneer Muni Highome Advantage Tr's 5-Year Yield-on-Cost % falls into.



Pioneer Muni Highome Advantage Tr 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Pioneer Muni Highome Advantage Tr is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Pioneer Muni Highome Advantage Tr  (NYSE:MAV) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Pioneer Muni Highome Advantage Tr 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of Pioneer Muni Highome Advantage Tr's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.


Pioneer Muni Highome Advantage Tr Business Description

Traded in Other Exchanges
N/A
Address
60 State Street, Boston, MA, USA, 02109
Pioneer Muni High Income Advantage Tr is a closed-end fund designed to pursue high current income exempt from regular federal income tax and as a secondary objective to seek capital appreciation. It predominantly invests in debt securities and other obligations issued by or on behalf of states, territories, and possessions of the United States and the District of Columbia and their political subdivisions, agencies, and instrumentalities, the interest on which is exempt from regular federal income tax.
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
Yana Karalnik officer: CHIEF COMPLIANCE OFFICER 60 STATE STREET, BOSTON MA 02109
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Michael Melnick officer: Assistant Treasurer 60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr officer: Treasurer 60 STATE STREET, BOSTON MA 02109
Diane Durnin other: Trustee 60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr. other: Trustee 60 STATE STREET, BOSTON MA 02109
Mark Edward Bradley officer: Treasurer 60 STATE STREET, BOSTON MA 02109
John Michael Malone officer: Chief Compliance Officer 60 STATE STREET, BOSTON MA 02019
Group Ag Ubs 10 percent owner BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Wells Fargo Municipal Capital Strategies, Llc 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Wfc Holdings Corp 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Wells Fargo & Company/mn 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255