TMX Group (TSX:X) 5-Year Yield-on-Cost % : 3.10 (As of Apr. 29, 2024)

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What is TMX Group 5-Year Yield-on-Cost %?

TMX Group's yield on cost for the quarter that ended in Dec. 2023 was 3.10.

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

TSX:X' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.93 Med: 3.92 Max: 7.46
Current: 3.1

During the past 13 years, TMX Group's highest Yield on Cost was 7.46. The lowest was 2.93. And the median was 3.92.

TSX:X's 5-Year Yield-on-Cost % is ranked better than
50.56% of 354 companies
in the Capital Markets industry
Industry Median: 3.1 vs TSX:X: 3.10

Competitive Comparison of TMX Group's 5-Year Yield-on-Cost %

For the Financial Data & Stock Exchanges subindustry, TMX Group'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.

TMX Group's 5-Year Yield-on-Cost % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TMX Group's 5-Year Yield-on-Cost % distribution charts can be found below:

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

TMX Group 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 TMX Group is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

TMX Group (TSX:X) 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.

TMX Group 5-Year Yield-on-Cost % Related Terms

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TMX Group (TSX:X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TMX Group Ltd (TSX:X) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

TMXXF:USA

Address

300 - 100 Adelaide Street West, Toronto, ON, CAN, M5H 1S3

Website

https://www.tmx.com

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community. TMX Group operates offices across North America (Montreal, Calgary, Vancouver, and New York), as well as in key international markets including London and Singapore.