Resona Holdings (TSE:8308) 5-Year Yield-on-Cost % : 2.36 (As of May. 13, 2024)

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What is Resona Holdings 5-Year Yield-on-Cost %?

Resona Holdings's yield on cost for the quarter that ended in Dec. 2023 was 2.36.

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

TSE:8308' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.17 Med: 3.5 Max: 7.05
Current: 2.36

During the past 13 years, Resona Holdings's highest Yield on Cost was 7.05. The lowest was 2.17. And the median was 3.50.

TSE:8308's 5-Year Yield-on-Cost % is ranked worse than
83.54% of 1191 companies
in the Banks industry
Industry Median: 4.91 vs TSE:8308: 2.36

Competitive Comparison of Resona Holdings's 5-Year Yield-on-Cost %

For the Banks - Regional subindustry, Resona Holdings'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.

Resona Holdings's 5-Year Yield-on-Cost % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Resona Holdings's 5-Year Yield-on-Cost % distribution charts can be found below:

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

Resona Holdings 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 Resona Holdings is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Resona Holdings (TSE:8308) 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.

Resona Holdings 5-Year Yield-on-Cost % Related Terms

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Resona Holdings (TSE:8308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Resona Holdings Inc (TSE:8308) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

RSNHF:USA DW1:Germany

Address

Fukagawa Gatharia ?2 Building, 5-65, Kiba 1-Chome, Koto-ku, Tokyo, JPN, 135-8582

Website

http://www.resona-gr.co.jp

Resona Holdings is one of the top six Japanese banking groups by assets. Although its banking units are categorized in Japan as "city" banks for historical reasons, it is only around a third of the size of the three megabank groups and effectively a super-regional bank operating mainly in the Kansai region (54% of its branches) and the Tokyo metropolitan area (43% of branches), with a strong focus on retail and small and medium-size enterprises, rather than lending to large corporates. Its overseas operations are limited, which allows it to operate in compliance with domestic capital standards alone.

Resona Holdings (TSE:8308) Headlines

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