Akita Bank (TSE:8343) 5-Year Yield-on-Cost % : 3.38 (As of Jun. 20, 2024)

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What is Akita Bank 5-Year Yield-on-Cost %?

Akita Bank's yield on cost for the quarter that ended in Dec. 2023 was 3.38.

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

TSE:8343' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.16 Med: 3.32 Max: 6.23
Current: 3.38

During the past 13 years, Akita Bank's highest Yield on Cost was 6.23. The lowest was 1.16. And the median was 3.32.

TSE:8343's 5-Year Yield-on-Cost % is ranked worse than
72.39% of 1206 companies
in the Banks industry
Industry Median: 5.235 vs TSE:8343: 3.38

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

For the Banks - Regional subindustry, Akita 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.

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

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

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

Akita 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 Akita Bank is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Akita Bank (TSE:8343) 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.

Akita Bank 5-Year Yield-on-Cost % Related Terms

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Akita Bank (TSE:8343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akita Bank Ltd (TSE:8343) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Sanno 3-Chome, Akita, JPN, 010-8655

Website

http://www.akita-bank.co.jp

Akita Bank Ltd is the banking subsidiary of the Akita Bank Group, which is composed of a Japanese regional bank and five consolidated subsidiaries operating primarily in the Akita Prefecture. The bank's strategy emphasizes regional market penetration to drive profitability. The group offers various financial services, principally banking. In addition, it offers leasing, consulting, guarantee services, and credit card services. Just over half of its earning assets are in loans and bills discounted, followed in size by securities. Most of the group's income is generated through net interest income, followed by fees and commissions.

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