Texon Petroleum Limited (ASX:TXN) 5-Year Yield-on-Cost % : 0.00 (As of Jun. 06, 2024)

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What is Texon Petroleum Limited 5-Year Yield-on-Cost %?

Texon Petroleum Limited's yield on cost for the quarter that ended in . 20 was 0.00.

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

ASX:TXN's 5-Year Yield-on-Cost % is not ranked ^*
in the Oil & Gas industry.
Industry Median: 4.885
* Ranked among companies with meaningful 5-Year Yield-on-Cost % only.

Competitive Comparison of Texon Petroleum Limited's 5-Year Yield-on-Cost %

For the Oil & Gas E&P subindustry, Texon Petroleum Limited'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.

Texon Petroleum Limited's 5-Year Yield-on-Cost % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texon Petroleum Limited's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Texon Petroleum Limited's 5-Year Yield-on-Cost % falls into.

Texon Petroleum Limited 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 Texon Petroleum Limited is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Texon Petroleum Limited (ASX:TXN) 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.

Texon Petroleum Limited 5-Year Yield-on-Cost % Related Terms

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