Fidelity® Contrafund® Fund No Load (FCNTX) Dividend Scorecard (2024)

FAQs

What is the dividend for the Contrafund in 2023? ›

The current dividend payout for stock Fidelity Contra Fund (FCNTX) as of May 14, 2023 is 0.08 USD. The forward dividend yield for FCNTX as of May 14, 2023 is 0.58%. Average dividend growth rate for stock Fidelity Contra Fund (FCNTX) for past three years is -5.12%.

In terms of fees, FCNTX is a no load fund. It has an expense ratio of 0.81% compared to the category average of 1.01%. FCNTX is actually cheaper than its peers when you consider factors like cost. This fund requires a minimum initial investment of $0, while there is no minimum for each subsequent investment.

BOSTON (MarketWatch) -- Fidelity Investments is closing its biggest stock mutual fund, the $63.8 billion Contrafund, to new investors along with another fund run by William Danoff after the funds attracted billions of dollars in cash over a year.

The fund has returned -13.47 percent over the past year, 9.05 percent over the past three years, 8.21 percent over the past five years and 12.40 percent over the past decade.

The three dates are the date of declaration, date of record, and date of payment. Most investors buy stocks only for their cash dividends, this is especially true now because interest rates are so low and investors are hungry for yield.

No-load funds generally don't provide investors with investment advice or direction because they don't charge a sales commission. Investors who prefer to work with a financial advisor or who might require assistance with their investment choices may find this to be a disadvantage.

Key Takeaways

Load funds are mutual funds that charge a sales fee or commission. No-load funds usually do not charge any sales fee or commission, as long as you keep your money invested for a specified period, often five years.

No-load funds make money through management fees and other expenses associated with running the fund. However, their annual expense ratio can be much lower than that of a load mutual fund because no sales charge is collected.

Since 1985, the Fidelity Contrafund has outperformed the S&P 500 by an impressive 225 basis points (CAGR: 13.17% vs 10.92%) with the same level of volatility. Hence, it's offered investors a higher rate of risk adjusted returns (SHARPE: 0.69 vs 0.55) with less market correlation (0.93 vs 0.99).

Did the Fidelity Contrafund split? ›

Fidelity Investments is moving ahead with a 10-to-1 split of shares at some of its most popular funds, including its Contrafund flagship fund, after putting the move on pause for two months following technical issues. After the close of markets this Friday, 13 Fidelity funds and share classes will undergo the splits.

Most investors would view an average annual rate of return of 10% or more as a good ROI for long-term investments in the stock market.

To get an annualized (compounded annually) 30% stock market return, Mark would probably need a 200/0 allocation. Yes, Mark would need a portfolio composed of 200% stocks. Anyone familiar with math knows that anything over 100% is not possible.

In a market that generates a 2% annual yield, you would need to invest $600,000 up front in order to reliably generate $12,000 per year (or $1,000 per month) in dividend payments.

A $1.4 million portfolio of dividend stocks can reliably generate roughly $3,000 per month, based on today's yields. If you want monthly dividend income, make sure that you don't load up on stocks that all pay dividends at the same time.

What Is a Good Dividend Yield? Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment.

If your goal is to earn $500 a month, or $6,000 per year, you'd need at least $200,000 of dividend-paying investments.

What is the highest dividend paying stock? ›

The best mutual fund is the one that helps you meet your investment objectives. But paying a load seriously hurts your potential returns, and you can get the same performance or better by using low-cost no-load funds. So there's no reason at all to pay more.

About 12b-1 Fees

These costs can range from 0.25% to 1% of the annual asset value. Some no-load funds also charge 12b-1 fees (up to 0.25%), but no-load funds that don't charge 12b-1 fees are known as 100% no load or true no-load funds.

A fund that does not charge any type of sales load. But not every type of shareholder fee is a "sales load," and a no-load fund may charge fees that are not sales loads. No-load funds also charge operating expenses.

Capital gains are generally distributed in December. Most mutual funds are pass-through entities; therefore, funds must pay substantially all net investment income and net capital gains to their investors, based on the number of shares they hold.

If you redeem the fund after the specific period over which the load is applicable, you can avoid the exit load.

Many investors prefer no-load funds since the option minimizes expenses, which translates to higher returns. A no-load fund is a fund that does not charge a load. No-load funds can be redeemed after a certain duration of time without a sales charge.

For example, if you write a $10,000 check to a fund to purchase fund shares, and the fund has a 5% front-end sales load, the total amount of the sales load will be $500.

For example, a no-load fund is permitted to charge purchase fees, redemption fees, exchange fees, and account fees, none of which is considered to be a “sales load.” In addition, under NASD rules, a fund is permitted to pay its annual operating expenses and still call itself “no-load,” unless the combined amount of the ...

What is the most aggressive Fidelity mutual funds? ›

Fidelity International Value Fund (FIVLX)

You'll want to keep in mind that the net expense ratio for FIVLX is the highest among the best Fidelity funds for aggressive investors at 1.01%.

Morningstar has named Fidelity portfolio manager Joel Tillinghast as its Outstanding Portfolio Manager of 2021. Tillinghast, who holds an A rating with Citywire, beat out three other nominees for the top prize: JP Morgan's Jeffrey Geller, BlackRock's Rick Rieder, and Baird's Mary Ellen Stanek.

While Vanguard stands out with its suite of funds, the brokerage is more limited when it comes to other offerings. However, it does allow investors to trade individual stocks and bonds. Conversely, Fidelity allows clients to invest in individual stocks, bonds, ETFs, options, mutual funds and more.

The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income.

The fund's name stems from its original mandate in 1967: "the fund's mission was to take a contrarian view, investing in out-of-favor stocks or sectors." This strategy has changed since the 1990s to become a fund focused on growth investing in large companies, and the Contrafund's strong history of growth has led to ...

Overall Rating

Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 1123 funds within its Morningstar Category.

FCNTX is actually cheaper than its peers when you consider factors like cost. Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.

According to FIRE, your portfolio should cover 25 times your annual expenses. Then, if you withdraw 4% of your portfolio every year, your portfolio will continue to grow and won't be compromised. We can apply this formula to the goal of making $3,000 a month like this: $3,000 x 12 months x 25 years = $900,000.

How to make 10% every year? ›

According to many financial investors, 7% is an excellent return rate for most, while 5% is enough to be considered a 'good' return. Still, an investor may make more or less than the average percentage since everything depends on the investment's circ*mstances.

The most common places to hold cash are bank savings accounts, certificates of deposit (CDs) issued by banks, and money market mutual funds managed by brokerage firms, including Fidelity.

High-quality bonds and fixed-indexed annuities are often considered the safest investments with the highest returns. However, there are many different types of bond funds and annuities, each with risks and rewards. For example, government bonds are generally more stable than corporate bonds based on past performance.

Fidelity: Costs. Vanguard and Fidelity charge $0 commissions for online equity, options, and ETF trades for U.S.-based customers. Fidelity has a $0.65 per contract option fee; it's $1 at Vanguard. Fidelity will set you back more for broker-assisted stock trades ($32.95 versus Vanguard's $25.

There is no set percentage. Some agencies might be satisfied with a 5-percent ROI, while others might be on the lookout for a higher number like 20 percent for it to be considered good ROI.

Adjusted for inflation, it still comes to an annual return of around 7% to 8%. If you earn 7%, your money will double in a little over 10 years.

Next year's annual dividend divided by the current stock price is called the: dividend yield.

If the company currently pays a dividend and you assume that the dividend will remain constant indefinitely, then the present value of the dividend would simply be dividend dollar amount divided by the desired discount rate.

Is Fidelity contrafund growth or value? ›

The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income.

The dividend calendar provides a day-to-day view of stocks which are going Ex-Dividend and which stocks will provide a pay-out to aid investors in projecting ownership requirements and income streams.

No stock in the S&P 500 has a higher dividend yield than independent oil and gas company Pioneer Natural Resources (PXD (opens in new tab)).

What Is a Good Dividend Yield? Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment. Your own investment goals should also play a big role in deciding what a good dividend yield is for you.

If you're a long-term investor and receiving income from holding dividend stocks is your top priority, buy the stock before the ex-dividend date. This qualifies you to receive the upcoming dividend payment. However, be very aware that the stock price tends to drop by the dividend payout amount on the ex-dividend date.

At the current share price of Rs 1117.35, this results in a dividend yield of 8.95%. View all forthcoming dividends Check out stocks with top dividend.

A $50 stock with a $1 per share dividend has a dividend yield of 2%.

After the declaration of a stock dividend, the stock's price often increases; however, because a stock dividend increases the number of shares outstanding while the value of the company remains stable, it dilutes the book value per common share, and the stock price is reduced accordingly.

The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

What month do most stocks pay dividends? ›

The Company normally pays dividends four times a year, usually April 1, July 1, October 1 and December 15. Shareowners of record can elect to receive their dividend payments electronically or by check in the currency of their choice.

Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date.