First National Financial (TSX:FN) 5-Year Yield-on-Cost % : 8.50 (As of May. 01, 2024)

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What is First National Financial 5-Year Yield-on-Cost %?

First National Financial's yield on cost for the quarter that ended in Mar. 2024 was 8.50.

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

TSX:FN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.16 Med: 8.43 Max: 11.71
Current: 8.5

During the past 13 years, First National Financial's highest Yield on Cost was 11.71. The lowest was 5.16. And the median was 8.43.

TSX:FN's 5-Year Yield-on-Cost % is ranked better than
81.79% of 1208 companies
in the Banks industry
Industry Median: 5 vs TSX:FN: 8.50

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

For the Mortgage Finance subindustry, First National 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.

First National Financial's 5-Year Yield-on-Cost % Distribution in the Banks Industry

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

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

First National 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 First National Financial is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

First National Financial (TSX:FN) 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.

First National Financial 5-Year Yield-on-Cost % Related Terms

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First National Financial (TSX:FN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Financial Corp (TSX:FN) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

FNLIF:USA 63Z:Germany FN.PR.B.PFD:Canada FN.PR.A.PFD:Canada

Address

16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6

Website

https://www.firstnational.ca

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through securitization conduits, in each case with retained servicing. In general, originations are allocated from one funding source to another depending on market conditions and strategic considerations related to maintaining diversified funding sources.