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The 77 Bank (TSE:8341) 5-Year Yield-on-Cost % : 7.09 (As of May. 23, 2024)


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What is The 77 Bank 5-Year Yield-on-Cost %?

The 77 Bank's yield on cost for the quarter that ended in Dec. 2023 was 7.09.


The historical rank and industry rank for The 77 Bank's 5-Year Yield-on-Cost % or its related term are showing as below:

TSE:8341' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.42   Med: 6.54   Max: 12.94
Current: 7.09


During the past 13 years, The 77 Bank's highest Yield on Cost was 12.94. The lowest was 2.42. And the median was 6.54.


TSE:8341's 5-Year Yield-on-Cost % is ranked better than
72.42% of 1193 companies
in the Banks industry
Industry Median: 4.98 vs TSE:8341: 7.09

Competitive Comparison of The 77 Bank's 5-Year Yield-on-Cost %

For the Banks - Regional subindustry, The 77 Bank'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.


The 77 Bank's 5-Year Yield-on-Cost % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The 77 Bank's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where The 77 Bank's 5-Year Yield-on-Cost % falls into.



The 77 Bank 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 The 77 Bank is calculated as

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

The 77 Bank  (TSE:8341) 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.


The 77 Bank 5-Year Yield-on-Cost % Related Terms

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The 77 Bank (TSE:8341) Business Description

Traded in Other Exchanges
N/A
Address
3-20, Chuo 3-chome, Aoba-ku, Miyagi, Sendai, JPN, 980-8777
The 77 Bank Ltd operates mostly in the Miyagi prefecture of Japan, which is in the southeast Tohoku region of the island of Honshu, and the bank's strategy emphasizes the prefecture's link between Tohoku and Tokyo. The bank is a group that engages in leasing, credit card, and other financial services in addition to the banking business. Most of the bank's earning assets are almost entirely from loans and bills discounted and investment securities. As such, a majority of the bank's income comes from interest on loans and discounts, and interest and dividends on trading accounts and investment securities.

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