Virtus Convertible &ome Fund (Virtus Convertible &ome Fund) 5-Year Yield-on-Cost % : 6.70 (As of Apr. 25, 2024)

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What is Virtus Convertible &ome Fund 5-Year Yield-on-Cost %?

Virtus Convertible &ome Fund's yield on cost for the quarter that ended in Jan. 2023 was 6.70.

The historical rank and industry rank for Virtus Convertible &ome Fund's 5-Year Yield-on-Cost % or its related term are showing as below:

NCV' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.12 Med: 6.73 Max: 10.45
Current: 6.7

During the past 6 years, Virtus Convertible &ome Fund's highest Yield on Cost was 10.45. The lowest was 4.12. And the median was 6.73.

NCV's 5-Year Yield-on-Cost % is ranked better than
54.7% of 1214 companies
in the Asset Management industry
Industry Median: 5.985 vs NCV: 6.70

Competitive Comparison of Virtus Convertible &ome Fund's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Virtus Convertible &ome 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.

Virtus Convertible &ome Fund's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund's 5-Year Yield-on-Cost % falls into.

Virtus Convertible &ome 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 Virtus Convertible &ome Fund is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Virtus Convertible &ome Fund (NYSE:NCV) 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.

Virtus Convertible &ome Fund 5-Year Yield-on-Cost % Related Terms

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Virtus Convertible &ome Fund (Virtus Convertible &ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income Fund (NYSE:NCV) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

NCVpA.PFD:USA

Address

101 Munson Street, Greenfield, MA, USA, 01301-9683

Website

https://www.virtus.com

Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes different sector investments such as in aerospace and defense, healthcare services, oil, gas, and consumable fuels, telecommunications, and others.

Executives

Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
David J. Oberto	officer: Portfolio Manager	1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod	director	250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103