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Fortune Minerals (Fortune Minerals) 5-Year Yield-on-Cost % : 0.00 (As of Apr. 27, 2024)


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What is Fortune Minerals 5-Year Yield-on-Cost %?

Fortune Minerals's yield on cost for the quarter that ended in Dec. 2023 was 0.00.


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



FTMDF's 5-Year Yield-on-Cost % is not ranked *
in the Metals & Mining industry.
Industry Median: 3.23
* Ranked among companies with meaningful 5-Year Yield-on-Cost % only.

Competitive Comparison of Fortune Minerals's 5-Year Yield-on-Cost %

For the Other Industrial Metals & Mining subindustry, Fortune Minerals'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.

Fortune Minerals's 5-Year Yield-on-Cost % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortune Minerals's 5-Year Yield-on-Cost % distribution charts can be found below:

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


Fortune Minerals 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 Fortune Minerals is calculated as

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

Fortune Minerals  (OTCPK:FTMDF) 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.

Fortune Minerals 5-Year Yield-on-Cost % Related Terms

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Fortune Minerals (Fortune Minerals) Business Description

Industry
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Traded in Other Exchanges
FT:Canada
Address
617 Wellington Street, London, ON, CAN, N6A 3R6
Website
https://www.fortuneminerals.com
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.