Deterra Royalties (ASX:DRR) 5-Year Yield-on-Cost % : 6.86 (As of Jun. 03, 2024)

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What is Deterra Royalties 5-Year Yield-on-Cost %?

Deterra Royalties's yield on cost for the quarter that ended in Dec. 2023 was 6.86.

The historical rank and industry rank for Deterra Royalties's 5-Year Yield-on-Cost % or its related term are showing as below:

ASX:DRR' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.51 Med: 5.1 Max: 7.93
Current: 6.86

During the past 3 years, Deterra Royalties's highest Yield on Cost was 7.93. The lowest was 0.51. And the median was 5.10.

ASX:DRR's 5-Year Yield-on-Cost % is ranked better than
77.2% of 307 companies
in the Metals & Mining industry
Industry Median: 3.14 vs ASX:DRR: 6.86

Competitive Comparison of Deterra Royalties's 5-Year Yield-on-Cost %

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

Deterra Royalties's 5-Year Yield-on-Cost % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Deterra Royalties's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Deterra Royalties's 5-Year Yield-on-Cost % falls into.

Deterra Royalties 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 Deterra Royalties is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Deterra Royalties (ASX:DRR) 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.

Deterra Royalties 5-Year Yield-on-Cost % Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.