Yield

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Yield

Current return from an investment or expenditure as a percentage of the price of investment or expenditure.

The term yield is the proportionate rate that income from an investment bears to the total cost of the investment. For example, a ten dollar profit on a one hundred dollar investment represents a 10 percent yield. Thus, a yield for stock dividends or bond interest paid will be expressed as a percentage of the current price. A yield can also refer to the bond coupon or stock dividend rate divided by the purchase price.

There are several specific types of yields. On bonds, a current yield is the annual interest paid divided by the current market price of the bond. As interest rates fall, the market price of the bond rises; as they rise, bond prices fall. The current yield reflects the actual rate of return on a bond. For example, a 9.5 percent bond with a face value of $1,000 yields $95 per year. If this bond is purchased in the secondary bond market for $1,100, the interest will still be $95 a year, but the current yield will be reduced to 8.6 percent because the new owner paid more for the bond.

A nominal yield is the annual income received from a fixed-income security divided by the face value of the security. It is stated as a percentage figure. For example, if a security with a face value of $5,000 generated $500 in income, the nominal yield would be 10 percent.

On bonds, a yield to maturity is a complex calculation that reflects the overall rate of return an investor would receive from a bond if the bond is held to maturity and the interest payments are reinvested at the same rate. It takes into account the purchase price, the coupon yield, the time to maturity, and the time between interest payments.

A net yield is the rate of return on an investment after deducting all costs, losses, and charges for investment. A dividend yield is the current annual dividend divided by the market price per share of stock. A yield spread refers to differences in yields between various issues of Securities.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The volume yield can be further increased by finding and applying an optimal rotation and lateral centering of every log.
Using only average log and lumber volume yields will not always give a reliable picture concerning the success of a certain method of sawing logs.
The effects of three interactions among species group, butt diameter class, and bucking method were tested on gross value and volume yield of bucked logs per tree.
From the plots, the variation on volume yield with opening face position is apparent.
This ubiquitous level of adoption comes with challenges, particularly pricing and volume yields to meet mass-market needs.
The serendipitous ease with which the volume yielded up these traces was truly remarkable: it was like discovering an unopened letter from an old friend.
The symposium was sponsored by the Miller Center's Presidential Oral History project at the University of Virginia, and the resulting volume yields a group oral history that gives readers a chance to listen in as the professionals charged with guiding presidents' policies through Congress swap stories and lessons in leadership with prominent presidency scholars who have studied the office for decades.
The higher ratio of copper to total volume yields a very high-density motor.
The speaker volume yielded average results and the cellphone had audibility issues when subjected to environmental background noise.
Unfortunately, for those interested in how science has influenced or been influenced by mainline Protestantism, i.e., many readers of this journal, this volume yields little of value or interest.

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