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Sumitomo (Sumitomo) 5-Year Yield-on-Cost %

: 6.24 (As of Today)
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Sumitomo's yield on cost for the quarter that ended in Dec. 2023 was 6.24.


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

SSUMY' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.86   Med: 7.52   Max: 12.47
Current: 6.24


During the past 13 years, Sumitomo's highest Yield on Cost was 12.47. The lowest was 4.86. And the median was 7.52.


SSUMY's 5-Year Yield-on-Cost % is ranked better than
73.67% of 338 companies
in the Conglomerates industry
Industry Median: 3.34 vs SSUMY: 6.24

Competitive Comparison

For the Conglomerates subindustry, Sumitomo'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.


Sumitomo 5-Year Yield-on-Cost % Distribution

For the Conglomerates industry and Industrials sector, Sumitomo's 5-Year Yield-on-Cost % distribution charts can be found below:

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



Sumitomo 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 Sumitomo is calculated as

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

Sumitomo  (OTCPK:SSUMY) 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.


Sumitomo 5-Year Yield-on-Cost % Related Terms

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Sumitomo (Sumitomo) Business Description

Traded in Other Exchanges
Address
3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8601
Sumitomo Corp is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics. The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ship and aerospace equipment, railway cars, automobiles, construction equipment, lifestyle and food retail goods, materials and supplies, mineral resources, energy, electronics, and life sciences. The group also offers services in infrastructure projects, real estate construction, and general construction and development projects.