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Ellsworth Growth and Income Fund

AMEX:ECF.PRA
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECF.PRA
AMEX
$127M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The last earnings update was 140 days ago. More info.


Add to Portfolio Compare Print
  • Ellsworth Growth and Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
ECF.PRA Share Price and Events
7 Day Returns
0.3%
AMEX:ECF.PRA
0.1%
US Capital Markets
-0.3%
US Market
1 Year Returns
5.1%
AMEX:ECF.PRA
-7.4%
US Capital Markets
7%
US Market
ECF.PRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ellsworth Growth and Income Fund (ECF.PRA) 0.3% 2.6% 4.7% 5.1% - -
US Capital Markets 0.1% 5.6% 3.5% -7.4% 53.5% 71.2%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • ECF.PRA outperformed the Capital Markets industry which returned -7.4% over the past year.
  • ECF.PRA underperformed the Market in United States of America which returned 7% over the past year.

Value

 Is Ellsworth Growth and Income Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ellsworth Growth and Income Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ellsworth Growth and Income Fund.

AMEX:ECF.PRA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $9.98 * 10.3%
$1.02
Book Value of Equity per Share Median Book Value from the past 5 years. $9.98
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:ECF.PRA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (0%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for AMEX:ECF.PRA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Ellsworth Growth and Income Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:ECF.PRA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.3% – 9.25%) * $9.98)
$0.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.10 / (9.25% - 2.73%)
$1.54
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.98 + $1.54
$11.52
AMEX:ECF.PRA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in AMEX:ECF.PRA represents 2.57169x of AMEX:ECF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
2.57169x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 11.52 x 2.57169
$29.61
Value per share (USD) From above. $29.61
Current discount Discount to share price of $25.05
= -1 x ($25.05 - $29.61) / $29.61
15.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ellsworth Growth and Income Fund is available for.
Intrinsic value
15%
Share price is $25.05 vs Future cash flow value of $29.61
Current Discount Checks
For Ellsworth Growth and Income Fund to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ellsworth Growth and Income Fund's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Ellsworth Growth and Income Fund's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ellsworth Growth and Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ellsworth Growth and Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:ECF.PRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $1.38
AMEX:ECF Share Price ** AMEX (2019-04-18) in USD $9.74
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.77x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ellsworth Growth and Income Fund.

AMEX:ECF.PRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:ECF Share Price ÷ EPS (both in USD)

= 9.74 ÷ 1.38

7.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ellsworth Growth and Income Fund is good value based on earnings compared to the US Capital Markets industry average.
  • Ellsworth Growth and Income Fund is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ellsworth Growth and Income Fund's expected growth come at a high price?
Raw Data
AMEX:ECF.PRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.67x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ellsworth Growth and Income Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ellsworth Growth and Income Fund's assets?
Raw Data
AMEX:ECF.PRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $11.07
AMEX:ECF Share Price * AMEX (2019-04-18) in USD $9.74
United States of America Capital Markets Industry PB Ratio Median Figure of 170 Publicly-Listed Capital Markets Companies 7.11x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
AMEX:ECF.PRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:ECF Share Price ÷ Book Value per Share (both in USD)

= 9.74 ÷ 11.07

0.88x

* Primary Listing of Ellsworth Growth and Income Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ellsworth Growth and Income Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Ellsworth Growth and Income Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Ellsworth Growth and Income Fund has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ellsworth Growth and Income Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ellsworth Growth and Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ellsworth Growth and Income Fund expected to grow at an attractive rate?
  • Unable to compare Ellsworth Growth and Income Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ellsworth Growth and Income Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Ellsworth Growth and Income Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:ECF.PRA Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:ECF.PRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:ECF.PRA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 4 18
2018-06-30 4 15
2018-03-31 4 11
2017-12-31 4 13
2017-09-30 4 14
2017-06-30 4 16
2017-03-31 4 18
2016-12-31 4 15
2016-09-30 4 12
2016-06-30 4 3
2016-03-31 4 -6
2015-12-31 3 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ellsworth Growth and Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Ellsworth Growth and Income Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:ECF.PRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ellsworth Growth and Income Fund Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:ECF.PRA Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 1.38
2018-06-30 1.12
2018-03-31 0.87
2017-12-31 0.98
2017-09-30 1.11
2017-06-30 1.27
2017-03-31 1.43
2016-12-31 1.20
2016-09-30 0.96
2016-06-30 0.24
2016-03-31 -0.47
2015-12-31 -0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ellsworth Growth and Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ellsworth Growth and Income Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ellsworth Growth and Income Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ellsworth Growth and Income Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ellsworth Growth and Income Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ellsworth Growth and Income Fund's year on year earnings growth rate has been positive over the past 5 years.
  • Ellsworth Growth and Income Fund's 1-year earnings growth exceeds its 5-year average (25.1% vs 1.6%)
  • Ellsworth Growth and Income Fund's earnings growth has not exceeded the US Capital Markets industry average in the past year (25.1% vs 37.1%).
Earnings and Revenue History
Ellsworth Growth and Income Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ellsworth Growth and Income Fund Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:ECF.PRA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 3.84 17.81 1.61
2018-06-30 3.87 14.51 1.55
2018-03-31 3.90 11.21 1.49
2017-12-31 3.85 12.72 1.43
2017-09-30 3.80 14.24 1.37
2017-06-30 3.95 16.30 1.35
2017-03-31 4.09 18.36 1.33
2016-12-31 4.01 15.39 1.32
2016-09-30 3.93 12.43 1.31
2016-06-30 3.78 3.12 1.34
2016-03-31 3.64 -6.20 1.36
2015-12-31 3.44 -4.32 1.40
2015-09-30 3.24 -2.43 1.43
2015-06-30 3.15 3.18 1.42
2015-03-31 3.06 8.80 1.41
2014-12-31 3.16 10.74 1.41
2014-09-30 3.27 12.67 1.42
2014-06-30 3.24 15.64 1.39
2014-03-31 3.22 18.60 1.36
2013-12-31 3.42 18.19 1.33
2013-09-30 3.63 17.77 1.29
2013-06-30 3.63 14.27 1.27
2013-03-31 3.62 10.77 1.24
2012-12-31 3.69 13.98 1.22
2012-09-30 3.76 17.19 1.19
2012-06-30 3.80 8.48 1.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ellsworth Growth and Income Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ellsworth Growth and Income Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Ellsworth Growth and Income Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ellsworth Growth and Income Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ellsworth Growth and Income Fund has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ellsworth Growth and Income Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ellsworth Growth and Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ellsworth Growth and Income Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ellsworth Growth and Income Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ellsworth Growth and Income Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Ellsworth Growth and Income Fund has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ellsworth Growth and Income Fund Company Filings, last reported 6 months ago.

AMEX:ECF.PRA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 173.21 0.00 0.01
2018-06-30 173.21 0.00 0.01
2018-03-31 163.41 0.00
2017-12-31 163.41 0.00
2017-09-30 161.07 0.00 0.34
2017-06-30 161.07 0.00 0.34
2017-03-31 128.46 0.00 2.48
2016-12-31 128.46 0.00 2.48
2016-09-30 123.91 0.00 7.77
2016-06-30 123.91 0.00 7.77
2016-03-31 117.72 0.00 1.11
2015-12-31 117.72 0.00 1.11
2015-09-30 120.95 0.00 0.87
2015-06-30 120.95 0.00 0.87
2015-03-31 134.01 0.00 0.20
2014-12-31 134.01 0.00 0.20
2014-09-30 135.27 0.00 0.03
2014-06-30 135.27 0.00 0.03
2014-03-31 133.57 0.00 0.72
2013-12-31 133.57 0.00 0.72
2013-09-30 128.81 0.00 4.27
2013-06-30 128.81 0.00 4.27
2013-03-31 121.23 0.00 2.94
2012-12-31 121.23 0.00 2.94
2012-09-30 114.15 0.00 3.19
2012-06-30 114.15 0.00 3.19
  • Ellsworth Growth and Income Fund has no debt.
  • Ellsworth Growth and Income Fund has not taken on any debt in the past 5 years.
  • Ellsworth Growth and Income Fund has no debt, it does not need to be covered by operating cash flow.
  • Ellsworth Growth and Income Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ellsworth Growth and Income Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ellsworth Growth and Income Fund has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ellsworth Growth and Income Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.16%
Current annual income from Ellsworth Growth and Income Fund dividends.
If you bought $2,000 of Ellsworth Growth and Income Fund shares you are expected to receive $123 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ellsworth Growth and Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Ellsworth Growth and Income Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:ECF.PRA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:ECF.PRA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-07-12 0.600 6.388
2018-02-23 0.440 4.719
2018-01-18 0.440 4.737
2017-12-08 0.440 4.660
2016-12-02 0.797 8.958
2015-12-09 0.675 8.679
2014-12-10 0.240 2.806
2013-12-06 0.258 3.023
2012-12-07 0.249 3.229
2012-07-19 0.250 3.480
2012-04-16 0.250 3.577
2012-01-13 0.250 3.440
2011-10-17 0.244 3.679
2011-07-15 0.244 3.595
2011-04-11 0.244 3.211
2011-01-14 0.244 3.231
2010-10-11 0.284 3.935
2010-07-16 0.270 3.943
2010-04-12 0.270 4.062
2010-01-15 0.270 4.092
2009-10-12 0.394 6.253
2009-09-30 0.318 5.157
2009-07-14 0.260 4.398
2009-04-23 0.300 5.505

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ellsworth Growth and Income Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ellsworth Growth and Income Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ellsworth Growth and Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ellsworth Growth and Income Fund has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ellsworth Growth and Income Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Ellsworth Growth and Income Fund has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Ellsworth Growth and Income Fund management team in years:

17.3
Average Tenure
60
Average Age
  • The average tenure for the Ellsworth Growth and Income Fund management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Dinsmore

TITLE
Portfolio Manager
AGE
65
TENURE
23.3 yrs

Jane O'Keeffe

TITLE
Portfolio Manager
AGE
63

Gary Levine

TITLE
Chief Financial Officer
AGE
61
TENURE
15 yrs

Mercedes Pierre

TITLE
Chief Compliance Officer and Vice President
AGE
57
TENURE
14.8 yrs

Agnes Mullady

TITLE
President & Chief Operating Officer of the Open-End Fund Division & Vice President
AGE
59

H. Lake

TITLE
Vice President
AGE
71
TENURE
17.3 yrs

Germaine Ortiz

TITLE
Vice President
AGE
49
TENURE
20.3 yrs

James Dinsmore

TITLE
Portfolio Manager
AGE
35
Board of Directors Tenure

Average tenure and age of the Ellsworth Growth and Income Fund board of directors in years:

17.3
Average Tenure
65.5
Average Age
  • The average tenure for the Ellsworth Growth and Income Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Nic Platt

TITLE
Independent Trustee
COMPENSATION
$22K
AGE
65
TENURE
22.3 yrs

Daniel Harding

TITLE
Independent Trustee
COMPENSATION
$52K
AGE
66
TENURE
12.3 yrs

Elizabeth Bogan

TITLE
Independent Trustee
COMPENSATION
$21K
AGE
74
TENURE
33.3 yrs

Kinchen Bizzell

TITLE
Independent Trustee
COMPENSATION
$21K
AGE
64
TENURE
11.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Ellsworth Growth and Income Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ellsworth Growth and Income Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and S&P 500 Index. It was formerly known as Ellsworth Fund Ltd. Ellsworth Growth and Income Fund Ltd. was formed on June 27, 1986 and is domiciled in the United States.

Details
Name: Ellsworth Growth and Income Fund Ltd.
ECF.PRA
Exchange: AMEX
Founded: 1986
$126,845,646
13,023,167
Website: http://www.gabelli.com/Template/fundinfo.cfm?tid=NGI1MzE=&bid=NGVkNg==&mid=NmZkYmY=&num=MTk0Mzg=&kid=NWNkODQ=&fid=MzIxZTY=&rid=421-=edoc_dnuf
Address: Ellsworth Growth and Income Fund Ltd.
One Corporate Center,
Rye,
New York, 10580-1422,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX ECF Common Stock NYSE MKT LLC US USD 23. Jun 1986
AMEX ECF.PRA 5.25% PFD SER A NYSE MKT LLC US USD 18. Sep 2017
Number of employees
Current staff
Staff numbers
0
Ellsworth Growth and Income Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:42
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/12/03
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.