Nova Mentis Life Science (Nova Mentis Life Science) 5-Year Yield-on-Cost % : 0.00 (As of Jun. 08, 2024)

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What is Nova Mentis Life Science 5-Year Yield-on-Cost %?

Nova Mentis Life Science's yield on cost for the quarter that ended in Mar. 2024 was 0.00.

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

NMLSF's 5-Year Yield-on-Cost % is not ranked ^*
in the Biotechnology industry.
Industry Median: 1.87
* Ranked among companies with meaningful 5-Year Yield-on-Cost % only.

Competitive Comparison of Nova Mentis Life Science's 5-Year Yield-on-Cost %

For the Biotechnology subindustry, Nova Mentis Life Science'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.

Nova Mentis Life Science's 5-Year Yield-on-Cost % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Nova Mentis Life Science's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Nova Mentis Life Science's 5-Year Yield-on-Cost % falls into.

Nova Mentis Life Science 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 Nova Mentis Life Science is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Nova Mentis Life Science (OTCPK:NMLSF) 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.

Nova Mentis Life Science 5-Year Yield-on-Cost % Related Terms

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Nova Mentis Life Science (Nova Mentis Life Science) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Nova Mentis Life Science Corp (OTCPK:NMLSF) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

HN3Q:Germany NOVA:Canada

Address

700-838 West Hastings Street, Vancouver, BC, CAN, V6C 0A6

Website

https://www.novamentis.ca

Nova Mentis Life Science Corp is a Canadian-based biotechnology company. It is engaged in developing diagnostics and psilocybin-based therapeutics for neuroinflammatory disorders. Nova uses psilocybin in the treatment of Fragile X Syndrome (FXS). The company's goal is to diagnose and treat debilitating chronic conditions that have unmet medical needs such as autism spectrum disorder (ASD) and FXS. It has one industry segment, being research and development of psilocybin, and in one geographic area, which is Canada.