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Spark New Zealand (ASX:SPK) 5-Year Yield-on-Cost %

: 6.87 (As of Today)
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Spark New Zealand's yield on cost for the quarter that ended in Dec. 2023 was 6.87.


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

ASX:SPK' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.35   Med: 6.51   Max: 10.31
Current: 6.87

During the past 13 years, Spark New Zealand's highest Yield on Cost was 10.31. The lowest was 5.35. And the median was 6.51.


ASX:SPK's 5-Year Yield-on-Cost % is ranked better than
72.32% of 224 companies
in the Telecommunication Services industry
Industry Median: 4.495 vs ASX:SPK: 6.87
Competitive Comparison

For the Telecom Services subindustry, Spark New Zealand'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.

Spark New Zealand 5-Year Yield-on-Cost % Distribution

For the Telecommunication Services industry and Communication Services sector, Spark New Zealand's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Spark New Zealand's 5-Year Yield-on-Cost % falls into.


Spark New Zealand 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 Spark New Zealand is calculated as

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

Spark New Zealand  (ASX:SPK) 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.

Spark New Zealand 5-Year Yield-on-Cost % Related Terms

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Spark New Zealand (ASX:SPK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (ASX:SPK) » Definitions » 5-Year Yield-on-Cost %
Comparable Companies
NZSE:CNU NZSE:VTL TMUS SHSE:600941 VZ CMCSA T XTER:DTE TSE:9432 NSE:BHARTIARTL TSE:9984 HKSE:00728 TSE:9433 TSE:9434 AMX B SAU:7010 ADX:EAND CHTR XZIM:ECO.ZW XSWX:SCMN
Traded in Other Exchanges
SPKKY:USA NZTCF:USA SPK:New Zealand NZT:Germany
Address
167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010
Website
https://www.sparknz.co.nz
Spark is one of only three integrated telecommunications groups in New Zealand. It is the dominant provider of fixed-line services in the country and effectively equal-number-one player in the mobile telephony market. It also has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark's operations are split into mobile, voice, broadband, and digital-related services.