Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) 5-Year Yield-on-Cost % : 3.32 (As of Apr. 26, 2024)

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What is Gabelli Healthcare & WellnessRx Trust 5-Year Yield-on-Cost %?

Gabelli Healthcare & WellnessRx Trust's yield on cost for the quarter that ended in Dec. 2023 was 3.32.

The historical rank and industry rank for Gabelli Healthcare & WellnessRx Trust's 5-Year Yield-on-Cost % or its related term are showing as below:

GRXpB.PFD' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.34 Med: 5.74 Max: 8.9
Current: 3.32

During the past 7 years, Gabelli Healthcare & WellnessRx Trust's highest Yield on Cost was 8.90. The lowest was 1.34. And the median was 5.74.

GRXpB.PFD's 5-Year Yield-on-Cost % is ranked better than
58.81% of 1214 companies
in the Asset Management industry
Industry Median: 6.005 vs GRXpB.PFD: 3.32

Competitive Comparison of Gabelli Healthcare & WellnessRx Trust's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Gabelli Healthcare & WellnessRx Trust'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.

Gabelli Healthcare & WellnessRx Trust's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Healthcare & WellnessRx Trust's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Gabelli Healthcare & WellnessRx Trust's 5-Year Yield-on-Cost % falls into.

Gabelli Healthcare & WellnessRx Trust 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 Gabelli Healthcare & WellnessRx Trust is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 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.

Gabelli Healthcare & WellnessRx Trust 5-Year Yield-on-Cost % Related Terms

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Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

GRX:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Healthcare & WellnessRx Trust operates as a diversified closed-end management investment company. The investment objective of the fund is the long-term growth of capital. The fund invests at least 80% of its assets in equity securities and income-producing securities of domestic & foreign companies in the healthcare and wellness industries. It invests in various sectors, of which Health Care Providers & Services, Food, Health Care Equipment and Supplies, and Pharmaceuticals account for the majority of the weightage.