Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 0.90%.
YIELD ON COST (YOC)
0.90%
AA now pays $0.40 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-07-20) | $23.86 | 1.68% |
| 5 years ago(2021-07-28) | $38.23 | 1.05% |
| 3 years ago(2023-07-19) | $34.84 | 1.15% |
| 1 year ago(2025-07-23) | $32.10 | 1.25% |
| Buying today(at $44.24) | $44.24 | 0.90% |
Projection: starting from today's 0.90% yield, assuming the dividend keeps compounding at its historical 3.0% rate. Boards set dividends each year, so actual figures will differ.
Today
0.90%
In 3 years
3.62%
In 5 years
9.11%
In 10 years
91.86%
Try your own purchase price, dividend and growth rate for Alcoa Corporation (AA).
Starting Yield
0.90%
Ending YOC
1.41%
Year 15 Dividend
$0.62
Cum. Dividends Recd.
$7.67
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.40 | N/A | 0.90% | $0.00 |
| Year 1 | $0.41 | +3.01% | 0.93% | $0.41 |
| Year 2 | $0.42 | +3.01% | 0.96% | $0.84 |
| Year 3 | $0.44 | +3.01% | 0.99% | $1.27 |
| Year 4 | $0.45 | +3.01% | 1.02% | $1.72 |
| Year 5 | $0.46 | +3.01% | 1.05% | $2.19 |
| Year 6 | $0.48 | +3.01% | 1.08% | $2.67 |
| Year 7 | $0.49 | +3.01% | 1.11% | $3.16 |
| Year 8 | $0.51 | +3.01% | 1.15% | $3.67 |
| Year 9 | $0.52 | +3.01% | 1.18% | $4.19 |
| Year 10 | $0.54 | +3.01% | 1.22% | $4.73 |
| Year 11 | $0.55 | +3.01% | 1.25% | $5.28 |
| Year 12 | $0.57 | +3.01% | 1.29% | $5.85 |
| Year 13 | $0.59 | +3.01% | 1.33% | $6.44 |
| Year 14 | $0.61 | +3.01% | 1.37% | $7.05 |
| Year 15 | $0.62 | +3.01% | 1.41% | $7.67 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
