Blackstone Long-Short Creditome Fund's yield on cost for the quarter that ended in Dec. 2023 was 8.65.
The historical rank and industry rank for Blackstone Long-Short Creditome Fund's 5-Year Yield-on-Cost % or its related term are showing as below:
BGX'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.47 Med: 6.72 Max: 11.88
Current: 8.65
During the past 7 years, Blackstone Long-Short Creditome Fund's highest Yield on Cost was 11.88. The lowest was 5.47. And the median was 6.72.
BGX's 5-Year Yield-on-Cost % is ranked better than 68.86% of 1214
companies
in the Asset Management industry
Industry Median: 6.01
vs BGX: 8.65
Competitive Comparison
For the Asset Management subindustry, Blackstone Long-Short Creditome Fund'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.
Blackstone Long-Short Creditome Fund 5-Year Yield-on-Cost % Distribution
For the Asset Management industry and Financial Services sector, Blackstone Long-Short Creditome Fund's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Blackstone Long-Short Creditome Fund's 5-Year Yield-on-Cost % falls into.
Blackstone Long-Short Creditome Fund 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 Blackstone Long-Short Creditome Fund is calculated as
Blackstone Long-Short Creditome Fund (NYSE:BGX) 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.
Blackstone Long-Short Creditome Fund 5-Year Yield-on-Cost % Related Terms
Thank you for viewing the detailed overview of Blackstone Long-Short Creditome Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
Blackstone Long-Short Creditome Fund (Blackstone Long-Short Creditome Fund) Business Description
Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (Secured Loans) and high yield corporate bonds of varying maturities.
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