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Mercury NZ (ASX:MCY) 5-Year Yield-on-Cost % : 5.00 (As of May. 08, 2024)


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What is Mercury NZ 5-Year Yield-on-Cost %?

Mercury NZ's yield on cost for the quarter that ended in Jun. 2023 was 5.00.


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

ASX:MCY' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.93   Med: 5.01   Max: 7.63
Current: 5


During the past 11 years, Mercury NZ's highest Yield on Cost was 7.63. The lowest was 2.93. And the median was 5.01.


ASX:MCY's 5-Year Yield-on-Cost % is ranked better than
56.36% of 236 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.995 vs ASX:MCY: 5.00

Competitive Comparison of Mercury NZ's 5-Year Yield-on-Cost %

For the Utilities - Renewable subindustry, Mercury NZ'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.


Mercury NZ's 5-Year Yield-on-Cost % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's 5-Year Yield-on-Cost % distribution charts can be found below:

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



Mercury NZ 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 Mercury NZ is calculated as

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

Mercury NZ  (ASX:MCY) 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.


Mercury NZ 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of Mercury NZ's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.


Mercury NZ (ASX:MCY) Business Description

Traded in Other Exchanges
Address
33 Broadway, The Mercury Building, P O Box 90399, Newmarket, Auckland, NTL, NZL, 1142
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.