Eaton Vance New York Municipal Income Trust Ret. on equity
What is the Ret. on equity of Eaton Vance New York Municipal Income Trust?
The Ret. on equity of Eaton Vance New York Municipal Income Trust is 7.94%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Finance sector on NYSEMKT compared to Eaton Vance New York Municipal Income Trust
What does Eaton Vance New York Municipal Income Trust do?
Eaton Vance New York Municipal Income Trust is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state. The Trust invests primarily in debt securities issued by New York municipalities. The Trust invests in various sectors, including cogeneration, electric utilities, escrowed/prerefunded, hospital, housing, industrial development revenue, water and sewer, special tax, real estate, toll road, healthcare-acute, transportation, student loan and senior living/life care. The Trust may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a Special-Purpose Vehicle (the SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Trust's investment advisor is Eaton Vance Management.
Companies with ret. on equity similar to Eaton Vance New York Municipal Income Trust
- Fresenius SE & Co. KGaA has Ret. on equity of 7.93%
- Nihon Kohden has Ret. on equity of 7.93%
- IDE plc has Ret. on equity of 7.93%
- Truist has Ret. on equity of 7.93%
- Temple & Webster has Ret. on equity of 7.94%
- MS has Ret. on equity of 7.94%
- Eaton Vance New York Municipal Income Trust has Ret. on equity of 7.94%
- Nava Bharat Ventures has Ret. on equity of 7.94%
- Reinsurance Of America has Ret. on equity of 7.95%
- Cybermate Infotek has Ret. on equity of 7.95%
- Galeo Concept SA has Ret. on equity of 7.95%
- Les Docks des Pétroles d'Ambès SA has Ret. on equity of 7.95%
- Argo Global Listed Infrastructure has Ret. on equity of 7.95%