Shiga Bank (TSE:8366) 5-Year Yield-on-Cost % : 7.14 (As of May. 28, 2024)

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

Shiga Bank's yield on cost for the quarter that ended in Dec. 2023 was 7.14.

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

TSE:8366' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.66 Med: 4.73 Max: 11.06
Current: 7.14

During the past 13 years, Shiga Bank's highest Yield on Cost was 11.06. The lowest was 2.66. And the median was 4.73.

TSE:8366's 5-Year Yield-on-Cost % is ranked better than
72.05% of 1195 companies
in the Banks industry
Industry Median: 5.02 vs TSE:8366: 7.14

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

For the Banks - Regional subindustry, Shiga 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.

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

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

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

Shiga 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 Shiga Bank is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Shiga Bank (TSE:8366) 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.

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

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Shiga Bank (TSE:8366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shiga Bank Ltd (TSE:8366) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-38 Hamamachi, Otsu, Shiga, JPN, 520-8686

Website

http://www.shigagin.com

Shiga Bank Ltd is a Japanese bank that has a majority of its deposit and loan portfolio targeting the Shiga prefecture. The bank's strategy emphasizes regional market penetration to build and grow its current customer base. Its corporate customer acquisition strategy attempts to leverage its financial intermediary functions. Its high-net-worth client acquisition strategy emphasizes pushing trust products and inheritance tax mitigation measures such as real estate. Loans on deeds constitute an overwhelming majority of its loan portfolio. The bank's deposit base, however, is split nearly evenly between ordinary and time deposits.

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