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Hong Kong and China Gas Co (Hong Kong and China Gas Co) 5-Year Yield-on-Cost % : 7.87 (As of Apr. 26, 2024)


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What is Hong Kong and China Gas Co 5-Year Yield-on-Cost %?

Hong Kong and China Gas Co's yield on cost for the quarter that ended in Dec. 2023 was 7.87.


The historical rank and industry rank for Hong Kong and China Gas Co's 5-Year Yield-on-Cost % or its related term are showing as below:

HOKCY' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.94   Med: 2.72   Max: 8.59
Current: 7.87


During the past 13 years, Hong Kong and China Gas Co's highest Yield on Cost was 8.59. The lowest was 1.94. And the median was 2.72.


HOKCY's 5-Year Yield-on-Cost % is ranked better than
76.28% of 430 companies
in the Utilities - Regulated industry
Industry Median: 4.62 vs HOKCY: 7.87

Competitive Comparison of Hong Kong and China Gas Co's 5-Year Yield-on-Cost %

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co'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.


Hong Kong and China Gas Co's 5-Year Yield-on-Cost % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's 5-Year Yield-on-Cost % falls into.



Hong Kong and China Gas Co 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 Hong Kong and China Gas Co is calculated as

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

Hong Kong and China Gas Co  (OTCPK:HOKCY) 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.


Hong Kong and China Gas Co 5-Year Yield-on-Cost % Related Terms

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Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Traded in Other Exchanges
Address
363 Java Road, 23rd Floor, North Point, Hong Kong, HKG
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Headlines

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