Drax Group (Drax Group) 5-Year Yield-on-Cost % : 7.20 (As of Apr. 25, 2024)

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What is Drax Group 5-Year Yield-on-Cost %?

Drax Group's yield on cost for the quarter that ended in Dec. 2023 was 7.20.

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

DRXGY' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.16 Med: 5.91 Max: 18.42
Current: 7.2

During the past 13 years, Drax Group's highest Yield on Cost was 18.42. The lowest was 1.16. And the median was 5.91.

DRXGY's 5-Year Yield-on-Cost % is ranked better than
75.51% of 245 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.58 vs DRXGY: 7.20

Competitive Comparison of Drax Group's 5-Year Yield-on-Cost %

For the Utilities - Renewable subindustry, Drax Group'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.

Drax Group's 5-Year Yield-on-Cost % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Drax Group's 5-Year Yield-on-Cost % distribution charts can be found below:

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

Drax Group 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 Drax Group is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Drax Group (OTCPK:DRXGY) 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.

Drax Group 5-Year Yield-on-Cost % Related Terms

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Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGY) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

DRXGF:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.