CI Financial (TSX:CIX) 5-Year Yield-on-Cost % : 3.26 (As of Apr. 25, 2024)

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What is CI Financial 5-Year Yield-on-Cost %?

CI Financial's yield on cost for the quarter that ended in Dec. 2023 was 3.26.

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

TSX:CIX' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.72 Med: 3.15 Max: 5.7
Current: 3.26

During the past 13 years, CI Financial's highest Yield on Cost was 5.70. The lowest was 1.72. And the median was 3.15.

TSX:CIX's 5-Year Yield-on-Cost % is ranked worse than
74.14% of 1214 companies
in the Asset Management industry
Industry Median: 5.985 vs TSX:CIX: 3.26

Competitive Comparison of CI Financial's 5-Year Yield-on-Cost %

For the Asset Management subindustry, CI Financial'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.

CI Financial's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

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

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

CI Financial 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 CI Financial is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

CI Financial (TSX:CIX) 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.

CI Financial 5-Year Yield-on-Cost % Related Terms

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CI Financial (TSX:CIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (TSX:CIX) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

CIXXF:USA CF7:Germany

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.