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HK Electric Investments and HK Electric Investments (HKSE:02638) 5-Year Yield-on-Cost % : 5.31 (As of May. 16, 2024)


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What is HK Electric Investments and HK Electric Investments 5-Year Yield-on-Cost %?

HK Electric Investments and HK Electric Investments's yield on cost for the quarter that ended in Dec. 2023 was 5.31.


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

HKSE:02638' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.04   Med: 4.21   Max: 6.02
Current: 5.31


During the past 11 years, HK Electric Investments and HK Electric Investments's highest Yield on Cost was 6.02. The lowest was 2.04. And the median was 4.21.


HKSE:02638's 5-Year Yield-on-Cost % is ranked better than
59.95% of 427 companies
in the Utilities - Regulated industry
Industry Median: 4.48 vs HKSE:02638: 5.31

Competitive Comparison of HK Electric Investments and HK Electric Investments's 5-Year Yield-on-Cost %

For the Utilities - Regulated Electric subindustry, HK Electric Investments and HK Electric Investments'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.


HK Electric Investments and HK Electric Investments's 5-Year Yield-on-Cost % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, HK Electric Investments and HK Electric Investments's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where HK Electric Investments and HK Electric Investments's 5-Year Yield-on-Cost % falls into.



HK Electric Investments and HK Electric Investments 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 HK Electric Investments and HK Electric Investments is calculated as

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

HK Electric Investments and HK Electric Investments  (HKSE:02638) 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.


HK Electric Investments and HK Electric Investments 5-Year Yield-on-Cost % Related Terms

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HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Traded in Other Exchanges
Address
44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG
HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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