Provident Financial Services's yield on cost for the quarter that ended in Dec. 2023 was 7.59.
The historical rank and industry rank for Provident Financial Services's 5-Year Yield-on-Cost % or its related term are showing as below:
PFS'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.82 Med: 3.94 Max: 10.08
Current: 7.59
During the past 13 years, Provident Financial Services's highest Yield on Cost was 10.08. The lowest was 2.82. And the median was 3.94.
PFS's 5-Year Yield-on-Cost % is ranked better than 78.58% of 1200
companies
in the Banks industry
Industry Median: 5.005
vs PFS: 7.59
Competitive Comparison
For the Banks - Regional subindustry, Provident Financial 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.
Provident Financial Services 5-Year Yield-on-Cost % Distribution
For the Banks industry and Financial Services sector, Provident Financial Services's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Provident Financial Services's 5-Year Yield-on-Cost % falls into.
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 Provident Financial Services is calculated as
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.
Provident Financial Services 5-Year Yield-on-Cost % Related Terms
Thank you for viewing the detailed overview of Provident Financial Services's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
Provident Financial Services (Provident Financial Services) Business Description
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
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