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High Arctic Energy Services (FRA:6LQ) 5-Year Yield-on-Cost % : 2.16 (As of May. 27, 2024)


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What is High Arctic Energy Services 5-Year Yield-on-Cost %?

High Arctic Energy Services's yield on cost for the quarter that ended in Mar. 2024 was 2.16.


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

FRA:6LQ' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.27   Med: 4.78   Max: 35.71
Current: 2.16


During the past 13 years, High Arctic Energy Services's highest Yield on Cost was 35.71. The lowest was 0.27. And the median was 4.78.


FRA:6LQ's 5-Year Yield-on-Cost % is ranked worse than
78.16% of 499 companies
in the Oil & Gas industry
Industry Median: 4.82 vs FRA:6LQ: 2.16

Competitive Comparison of High Arctic Energy Services's 5-Year Yield-on-Cost %

For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services'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.


High Arctic Energy Services's 5-Year Yield-on-Cost % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where High Arctic Energy Services's 5-Year Yield-on-Cost % falls into.



High Arctic Energy Services 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 High Arctic Energy Services is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

High Arctic Energy Services  (FRA:6LQ) 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.


High Arctic Energy Services 5-Year Yield-on-Cost % Related Terms

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High Arctic Energy Services (FRA:6LQ) Business Description

Traded in Other Exchanges
Address
330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.

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