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Cenovus Energy Inc (NYSE:CVE)
Yield on Cost
11.54 (As of Mar. 2016)

Cenovus Energy Inc's yield on cost for the quarter that ended in Mar. 2016 was 11.54.

CVE' s Yield on Cost Range Over the Past 10 Years
Min: 2.67   Max: 22.26
Current: 11.54


During the past 8 years, Cenovus Energy Inc's highest Yield on Cost was 22.26. The lowest was 2.67. And the median was 9.92.

CVE's Yield on Cost is ranked higher than
80% of the 118 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 8.71 vs. CVE: 11.54 )


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 Cenovus Energy Inc is calculated as

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


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.

Related Terms

Dividend Yield

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