First Trust Highome Long/Short Fund (First Trust Highome Long/Short Fund) Dividend Payout Ratio : 0.00 (As of Oct. 2023)

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What is First Trust Highome Long/Short Fund Dividend Payout Ratio?

First Trust Highome Long/Short Fund's dividend payout ratio for the months ended in Oct. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of First Trust High Income Long/Short Fund is 2.24, which seems too high.

The historical rank and industry rank for First Trust Highome Long/Short Fund's Dividend Payout Ratio or its related term are showing as below:

FSD' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.7 Med: 0.75 Max: 2.24
Current: 2.24

During the past 7 years, the highest Dividend Payout Ratio of First Trust Highome Long/Short Fund was 2.24. The lowest was 0.70. And the median was 0.75.

FSD's Dividend Payout Ratio is ranked worse than
87.04% of 934 companies
in the Asset Management industry
Industry Median: 0.83 vs FSD: 2.24

As of today (2024-05-03), the Dividend Yield % of First Trust Highome Long/Short Fund is 10.74%.

During the past 7 years, the highest Trailing Annual Dividend Yield of First Trust Highome Long/Short Fund was 12.45%. The lowest was 7.77%. And the median was 9.15%.

First Trust Highome Long/Short Fund's Dividends per Share for the months ended in Oct. 2023 was $0.63.

During the past 3 years, the average Dividends Per Share Growth Rate was -1.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.90% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of First Trust Highome Long/Short Fund was 0.40% per year. The lowest was -1.50% per year. And the median was -0.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

First Trust Highome Long/Short Fund Dividend Payout Ratio Historical Data

The historical data trend for First Trust Highome Long/Short Fund's Dividend Payout Ratio 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.

First Trust Highome Long/Short Fund Dividend Payout Ratio Chart

First Trust Highome Long/Short Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Dividend Payout Ratio

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0.80

0.70

2.21

First Trust Highome Long/Short Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Dividend Payout Ratio	Get a 7-Day Free Trial								1.77	-	-	0.89	-

Competitive Comparison of First Trust Highome Long/Short Fund's Dividend Payout Ratio

For the Asset Management subindustry, First Trust Highome Long/Short Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

First Trust Highome Long/Short Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust Highome Long/Short Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where First Trust Highome Long/Short Fund's Dividend Payout Ratio falls into.

First Trust Highome Long/Short Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

First Trust Highome Long/Short Fund's Dividend Payout Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2023 )	/	EPS without NRI (A: Oct. 2023 )
	=	1.26	/	0.57
	=	2.21

First Trust Highome Long/Short Fund's Dividend Payout Ratio for the quarter that ended in Oct. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Oct. 2023 )	/	EPS without NRI (Q: Oct. 2023 )
	=	0.63	/	-0.148
	=	N/A

First Trust Highome Long/Short Fund (NYSE:FSD) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

First Trust Highome Long/Short Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of First Trust Highome Long/Short Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

First Trust Highome Long/Short Fund (First Trust Highome Long/Short Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust High Income Long/Short Fund (NYSE:FSD) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust High Income Long/Short Fund is a diversified, closed-end management investment company based in the United States. The fund's objective is to provide a high current income to its investors. Its secondary objective is capital appreciation. It seeks to achieve its objectives by investing in a diversified portfolio in the United States. The fund holds an interest in various sectors, such as basic industry, healthcare, capital goods, telecommunications, automotive, banking, media, energy, leisure, insurance, technology and electronics, transportation, financial services and others.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Cameron S White	other: Portfolio Manager Sub-Advisor	MACKAY SHIELDS, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Eric Gold	other: Portfolio Manager Sub-Advisor	C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Shu Yang Tan	other: Portfolio Mgr. Sub-Advisor	MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105
Matthew Lowry Jacob	other: Portfolio Mgr. Sub-Advisor	MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, 43RD FL, NEW YORK NY 10105
Joseph Raymond Cantwell	other: Portfolio Mgr. Sub-Advisor	ALCENTRA NY, LLC, 200 PARK AVENUE, NEW YORK NY 10106
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
David Mcgarel	other: Officer - Investment Adviser	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen	director, officer: President, other: Officer - Investment Adviser	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Louis N. Cohen	other: Member of Investment Team	MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187